He would continue to serve the company’s board, as he has been overseeing and providing guidance on the ongoing work undertaken by the company to address the lapses identified by the Ministry of Health in relation to its Singapore operations.
Cordlife Group, on July 29, announced that its non-independent non-executive director Zhai Lingyun has been arrested by the Commercial Affairs Department in connection with the potential breaches of the company’s disclosure obligations.
Zhai has since been released on bail.
