The Committee for China Cord Fairness Has Received Shareholder Support for Governance Changes at Global Cord Blood Corporation
Global Cord Blood Corporation (CO)
US:NYSE Investor Relations:
ir.chinacordbloodcorp.com
Company Research
Source: PR Newswire
NEW YORK, Nov. 26, 2019 /PRNewswire/ -- The Committee for China Cord Fairness (the "Committee") today announced that it has received and delivered consents representing more than 73% of the shares of Global Cord Blood Corporation (NYSE: CO) ("Global Cord" or the "Company") held by the Company's minority shareholders in support of the Committee's proposal that any business transaction will be conditioned on the approval of the majority of the minority shareholders. The Committee expects Global Cord's Board of Directors (the "Board") to promptly confirm that it will comply with the clear wishes of the majority of the minority shareholders by approving such proposal. Additionally, the Committee delivered consents representing more than 58% of the shares of the Company held by the Company's minority shareholders in support of the Committee's five other corporate governance proposals. According to the Committee's proxy solicitor, D.F. King & Co., 73.04% of the minority shareholders of the
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