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Cordlife Group Ltd Announces Completion of Acquisition Of CS Cell Technologies Pte. Ltd, Cordlife Stem Cell Technology Limited And Certain Assets Of P.T. Cordlife Indonesia From Cordlife Limited


Friday, 28 Jun 2013 05:10am EDT 

Cordlife Group Ltd announced that further to the announcement made by the Company on May 17, 2013 on the Acquisition (the Acquisition Announcement), the Directors of the Company announced that the Acquisition has been completed on June 28, 2013. As announced in the Acquisition Announcement, the Consideration of A$5,500,000 will be paid by the Company in the following manner; 50% of the Consideration on Completion; and the remaining 50% of the Consideration on the date falling three months after the Completion Date, which shall be satisfied wholly in cash and funded by the net proceeds raised from the IPO of the Company on the Singapore Exchange Securities Trading Limited. 

Company Quote

1.12
0.0050 +0.45%
1 Oct 2014