The Committee for China Cord Fairness Launches Consent Solicitation at Global Cord Blood Corporation
Global Cord Blood Corporation (CO)
US:NYSE Investor Relations:
ir.chinacordbloodcorp.com
Company Research
Source: PR Newswire
NEW YORK, Aug. 27, 2019 /PRNewswire/ -- The Committee for China Cord Fairness (the "Committee"), which has been organized by a minority shareholder of Global Cord Blood Corporation (NYSE: CO) ("Global Cord" or the "Company") to protect the interests of the Company's minority shareholders, announced today that it has issued a letter to fellow shareholders and launched a consent solicitation campaign in order to solicit consents to a series of advisory proposals aimed at sending a clear and decisive message to the board of directors of the Company (the "Board") that the minority shareholders will not sit silently by while the Board works towards completing an economically imprudent transaction that sacrifices the interests of the minority shareholders for the benefit of Sanpower Group Corporation, the majority shareholder of Global Cord (the "Majority Shareholder"), and Cordlife Group Limited ("Cordlife" or "CLGL"), of which the Majority Shareholder is the largest holder.Specifically, t
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