Global Cord Blood (CORBF) has released an update.
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Global Cord Blood Corporation, in provisional liquidation, has faced setbacks with two inquorate extraordinary general meetings, leading to a court summons for the approval of the Joint Provisional Liquidators’ remuneration. Shareholders have raised questions regarding the remuneration terms, with a hearing set for July 30, 2024, to seek court sanction for the JPLs’ fees totaling over $10 million incurred during the previous year. Shareholders are encouraged to submit further comments or appear at the hearing to express their support or opposition.
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