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home / news releases / HTNGF - Alternate Ocean Investment proposes to acquire Global Cord Blood for $5/share

HTNGF - Alternate Ocean Investment proposes to acquire Global Cord Blood for $5/share

Haitong Securities Co. Ltd.
Alternate Ocean Investment, a wholly-owned subsidiary of Haitong International Securities (HTNGF) has made an offer to Global Cord Blood (CO) to acquire all of the outstanding ordinary shares for $5/share in cash. The Board will carefully review the unsolicited proposal to determine the course of action it believes is in the best interests of the Company and its shareholders and other stakeholders.Global Cord Blood shares closed at $4.32 on March 1, representing 15% premium to the closing price. CO +9.4% premarket to $4.73Source: Press Release

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Alternate Ocean Investment proposes to acquire Global Cord Blood for $5/share
Stock Information
Company Name: Haitong Securities Co. Ltd.
Stock Symbol: HTNGF
Market: OTC
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