- A Cayman Islands court has issued an injunction on behalf of Global Cord Blood (NYSE:CO) that prevents any resolutions from an extraordinary general meeting from taking effect and Blue Ocean Structure Investment Company Ltd. from convening a meeting of the company.
- The court will hold a hearing on July 13-15 to discuss the order and related matters.
- Institutional shareholder Blue Ocean holds ~65% of Global Cord Blood (CO) shares and has been trying to prevent the company's acquisition of the biotech Cellenkos.
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