The sale took place via an off-market transaction.
Cordlife’s substantial shareholder, Robust Plan, has ceased to become a substantial shareholder in the company after it sold 4.6 million shares in an off-market transaction.
According to a filing on Jan 25, Robust Plan, which is wholly-owned by Shanghai Dunheng Capital Management, sold its shares for a total consideration of $1.49 million or 32.4 cents per share.
