Cordlife announces arrest of one more director amid investigations into mishandling of cord blood units

According to Cordlife’s site, Ms Chen was appointed as a chairman of the firm on Dec 1, 2021, and was past are- elected on Apr 29, 2022.

She serves as the director of Nanjing Xinjiekou Department Store, which holds senior aide leader and senior producer positions in the Shanghai Stock Exchange-listed business, and has a 20.3 % interest in Cordlife.

According to the website for the Cordlife, Ms. Chen is also a member of the board of Findgene and Dendreon US and the Shandong Cord Blood Bank ‘s&nbsp, board of supervisors, and board of directors.

According to Cordlife’s registration, Ms. Chen will continue serving on the company’s table.

” Given that Ms. Chen will be managing and providing advice on the ongoing job that the organization is doing.
The board, which included Ms. Chen recusing herself from proceedings and table decisions in relation to the company’s Singapore procedures, is of the opinion that it would be in the company’s interests for Ms. Chen to continue serving on the table, according to Cordlife.

In the interim as the studies develop, the board will continue to take into account and assess Ms. Chen’s eligibility to serve on the board.

Then-individuel director Chow Wai Leong, acting president Ho Choon Hou, original party CEO Tan Poh Lan, and other non-independent non-executive directors Chow Wai Leong and Mr Yiu, who is another non-individuel non-executive director, are among the seven Cordlife-linked people who were detained and released on bail in connection with the situation.

According to the statement, the business does closely follow the progress of the studies and work closely with all regulatory bodies, adding that business will continue to operate as usual.