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China Cord Blood Lands $50 Million from Golden Meditech

publication date: Sep 18, 2012
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China Cord Blood Corp. announced that its corporate parent, Golden Meditech Holdings, would invest another $50 million in China Cord Blood, allowing it to expand its business – perhaps beyond China. Golden Meditech already owns 42% of CCBC. The new investment is a convertible bond that can be converted into another 15.5% of the company. CCBC seems to already have a lot of cash.  More details....

Stock Symbols: (NYSE: CO) (HK: 801; TW: 910801)

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