China Cord Blood Corporation Announces Completion of $50 Million Convertible Note Financing
China Cord Blood Corporation (NYSE: CO) ("CCBC" or the "Company"), the first and largest cord blood banking operator in China, announced that it has successfully completed the previously announced $50 million convertible note financing with Golden Meditech Holdings Limited ("Golden Meditech", 801.HK; 910801.TW), a leading integrated healthcare enterprise in China and the Company's largest shareholder. The board of directors of CCBC has appointed Mr. Yuen Kam, currently the Chairman and Chief Executive Officer of Golden Meditech, as a director and Chairman of CCBC, effective October 3, 2012. Ms. Ting Zheng will continue her role as a member of the CCBC board and Chief Executive Officer of the Company.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.