Didn't the PRC just recently change and increase the number of children to two per a family. Cord blood should have fantastic growth with the doubling of babies per family. Common man 2.8billion offer sounds more realistic for half the company. .
Thanks for the warning flake. I added to my position of CO at $6.22 when you warned us. Now at $6.40.
That is my read as well. Kam would steal this if he could; any Western CEO would be negotiating with Nanjing and Zhonhyuan to GET THE BEST PRICE FOR SHAREHOLDERS instead of trying to steal it.
Quite neutral. We already knew that the kkr convertibles will be sold to Golden Meditech. What is important is the convertibles of Cordlife because if Golden Meditech buy these convertibles they will have 2/3 of the total capital and in Cayman laws you can pass the deal you want with 2/3. But I am quite sure that Zhongyuan will make what needed to be sure that Cordlife does not sell their CO assets to Golden Med.
We need a real cash offer for the company's special committee to consider. Too much negotiating in the dark.
Eric, what is your view on today's news? Thank.
We know have the most recent details (Cordlife filling). Zhongyuan has proposed 8$ per CO shares held by Cordlife and 9$ per CO shares from the conversion of the convertibles.
EGM of Cordlife to vote for or against the sale of CO shares to Golden Meditech scheduled on Sept 14th.
Zhongyuan will validate the creation of the US acquisition vehicle on next Friday and then should increase again its offer for the CO shares held by Cordlife in order to be sure that Cordlife shareholders reject the Golden Meditech proposal.. As a reminder the acquisition of the CO shares held by Cordlife will be executed with a chinese acquisition vehicle (Robust Plan Limited) and the potential offer for the remaining CO shares will be executed with the US acquisition vehicle that will be officially created on Friday with the shareholder vote.
nothing really special on the recent zhongyuan and nanjing fillings
for zhongyuan, they have sent the convocation for the EGM of next friday regarding the creation of the US acquisition vehicle. We should get some positive news next friday or beginning next week!
hello. look at nanjing filings ont the SSE website. You will see that Nanjin says that they are currently in discussion with CO special committee
Zhongyuan's filings are all available on the SSE website: http://www.sse.com.cn/assortment/stock/list/stockdetails/announcement/index.shtml?COMPANY_CODE=600645&static=t
I have no idea where Eric is getting the alleged info about negotiations between CO and Nanjing. What's the nonexistent stuff claimed on SA?
Heck yes I am complaining. Mgmt fudged the numbers to report lower EPS on higher REV.
Not in their interest to show up earnings.