Cordlife Group receives third requisition notice from TransGlobal

The board says it will review the request and provide updates as necessary.

The board of directors of Cordlife Group Limited has received another requisition notice from TransGlobal Real Estate Group, Ltd to hold an extraordinary general meeting (EGM).

In a statement, the board said that on 26 March, they received a letter titled the "Third Requisition Notice" from Phillip Securities Pte Ltd, acting as nominee/custodian for Haitong International Securities Pte Ltd, representing TransGlobal as its underlying client.

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The notice also seeks to oppose the proposed resolutions put forth by Nanjing Xinjiekou and to approve the removal of Lingyun Zhai and Shally Chen as directors of the company, effective immediately upon the conclusion of the EGM.

The board said it will review the notice and take appropriate actions in line with regulatory requirements and the company's interests.