"We therefore, with this letter, urge Mr. Yuan, and the other controlling shareholders of Global Cord Blood, to take action as the engaged, thoughtful and above all, responsible owners, with the knowledge of investments and sense of responsibility that we are sure to be representative of such large investment groups, by remedying the situation of Global Cord Blood, where a total of USD ~700m in cash is sitting on the balance sheet. A cash pile that is not providing any return at all, to anyone in society, and potentially even destroying value, given the inflationary pressure on cash."
Open letter to Mr. Yuan Yafei, and the other controlling shareholders of Global Cord Blood Corp
Uppdaterad: 25 sep 2019
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