Shareholder of Global Cord Blood Corporation (NYSE: CO) Hires Global Law Firm, The Seiden Group, to Help Investigate and Enfo...
June 17 2019 - 10:56PM
PR Newswire (US)
NEW YORK, June 17, 2019 /PRNewswire/ -- A shareholder of
Global Cord Blood Corporation (NYSE: CO) (the "Company" or "Global
Cord") has hired The Seiden Group, a law firm headquartered in
New York, as shareholder counsel
to communicate minority shareholder interests to the Independent
Directors and help effect necessary changes for the benefit of the
Company and its shareholders, including minority shareholders in
the United States. The Seiden
Group has vast experience in shareholder rights matters and global
asset recovery, particularly in China.
The Seiden Group issued a letter today to the Independent
Directors of Global Cord on behalf of the shareholder making
certain requests relating to a potential merger with a Singaporean
company and explaining why the deal would harm investors. Cordlife
Group Limited (SGX: CLGL), a Singaporean company is proposing to
bring Global Cord to the Singaporean markets, removing it from the
US capital markets in a share swap transaction, leaving the US
shareholders with an investment that may be more difficult to
value, trade and liquidate. The removal of Global Cord from
the US markets would also leave the shareholders with no protection
from the NYSE, the SEC or the Cayman laws.
Information concerning the shareholder interests can be found at
the website www.chinacordfairness.com.
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SOURCE The Seiden Group
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