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flag Cordlife Group faces S$5.45M lawsuit from 109 clients over damaged cord blood due to storage failures.

flag Cordlife Group faces a S$5.45 million civil claim from 109 clients in Singapore over alleged damage to stored cord blood units due to improper storage, with claims seeking S$50,000 per unit and reimbursement of fees. flag The claim, filed December 1, stems from a 2023 Ministry of Health investigation that found temperature issues in storage tanks, leading to a suspension of new collections and processing. flag The company, reviewing the claim and its financial impact, has also appointed Mr. Wu Gang as non-independent non-executive chairman amid ongoing regulatory scrutiny and operational challenges.

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