CORDLIFE GROUP

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8 years 4 months ago #22730 by Rock
Replied by Rock on topic CORDLIFE GROUP
Cordlife on 25/11/2015 jump 10 cents from $1.22 to $1.32 due to wind of married deal.
Kunlum on 25/11/2015 bought Cordlife share @ $1.70 per share, 48 cents above $1.22 throught married deal. Kunlum are paying 39% above the market price for Cordlife shares.

The Company has also been informed that Kunlum does not currently have any intention to make a general offer for all the shares of the Company.

Why did Kunlum paying a premium of $15.9 millions more for 33,118,300 Cordlife shares?
Although Kunlum does not currently have any intention to make a general offer for all the shares of the Company but they still can make a general offer at a later date. Time will tell!

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8 years 4 months ago - 8 years 4 months ago #22747 by Rock
Replied by Rock on topic CORDLIFE GROUP
Cordlife another intesting deal today:
8,621,100 shares married deal @ $1.70 (3.25%).

On 25/11/2015 married deal of 33,118,300 shares, total married deal = 41,739,400 shares (Total = 16.1%)
Last edit: 8 years 4 months ago by Rock. Reason: correct error

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8 years 4 months ago #22752 by Poh
Replied by Poh on topic CORDLIFE GROUP
Increasingly people will see $1.70 as some magic reference price. Why the Chinese investor would buy at this high price -- it is not clear to me. On a PE basis it's abt 50X. Looks scary, just my 2 cents worth. Hope you all who are staying on in the stock will get more upside.

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8 years 3 months ago #22759 by Rock
Replied by Rock on topic CORDLIFE GROUP
Cordlife share price has been inching up daily to its all time high of $1.495 today.
Why Kunlum married deal at $1.70 for 16.1% of Cordlife shares cost about $71 million? (Kunlum paid 39% above the market price of $1.22)

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8 years 3 months ago #22763 by Rock
Replied by Rock on topic CORDLIFE GROUP
Vcanland Holding Group Company Ltd on 23/12/2015 bought 18,133,000 Cordlife shares (6.99%) total cost = RMB 141,431,393.53 (S$1.695 per share)

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8 years 3 months ago - 8 years 3 months ago #22809 by Rock
Replied by Rock on topic CORDLIFE GROUP
Cordlife married deal today - 9.92 million shares @ $1.70 (3.825%). Total married @ $1.70 to date is about 27.72%.

The question is: Is there a general offer for all the shares of Cordlife coming soon?

The Company in early december 2015 was informed that Kunlum does not currently have any intention to make a general offer for all the shares of the Company.
Last edit: 8 years 3 months ago by Rock. Reason: correct error

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