Cordlife’s former group CEO and four directors arrested and out on bail

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Cordlife’s former group CEO and four directors arrested and out on bail
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Cord blood units belonging to at least 2,150 clients were damaged, with 17,050 others potentially affected.

SINGAPORE – Cordlife’s former group chief executive Tan Poh Lan and four board members have been arrested for potential breaches of the company’s disclosure obligations in relation to its mishandling of cord blood units.

The four directors who were arrested along with Ms Tan are acting chairman Ho Choon Hou, independent directors Yeo Hwee Tiong and Titus Jim Cheong Tuck Yan, as well as non-independent non-executive director Chow Wai Leong.

They are independent director Joseph Wong Wai Leung, non-independent non-executive director Zhai Lingyun, non-independent non-executive director Chen Xiao Ling and non-independent non-executive director Yiu Ming Yiu. Ms Tan’s last day as group CEO and executive director was previously announced as March 31. But she and the company later agreed that Feb 19 would be her last day, although she will work with Mr Yiu until March 31 to facilitate the smooth transition of leadership.

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