China Cord Blood Corporation (NYSE: CO) has the underwriters from its recent public offering of common stock have exercised part of their option for overallotment, resulting in the issuance of 314,867 ordinary shares. The option was granted in connection with the public offering of 3,305,786 ordinary shares at a price of $6.05 per share. The overallotment issuance is expected to close on January 5, 2010 and bring the total gross proceeds of the public offering to $21.9 million.
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About China Cord Blood Corporation
China Cord Blood Corporation is the first and the largest cord blood banking operator in China in terms of geographical coverage and is the only cord blood bank operator with more than one license (i.e., Beijing and Guangdong). Under the current PRC government regulations, only one licensed cord blood bank operator is permitted to operate in each licensed region and only six licenses have been issued as of today.
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