Cordlife mulling acquisitions, divestments and JVs

Heavy trading prompted a query from the SGX.

Mainboard-listed Cordlife Group is exploring potential acquisitions, divestments and joint ventures to drive growth, the company said in a statement to the SGX.

The statement was issued after heavy trading in Cordlife’s shares prompted a trading query from the regulator. Cordlife closed a $1.32 on Wednesday.

“The Company constantly explores and reviews corporate development opportunities which are in line with its corporate growth strategy. Some of these are in the nature of acquisitions, divestments and joint ventures. The Company is currently in discussions with various parties on some of these opportunities. These opportunities are at various stages; no definitive agreements have been signed at this time and there is no certainty that any of them will materialise,” said the statement.