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CordLife Secures Strategic Presence in China
Date:12/15/2009

    HONG KONG, Dec. 15 /PRNewswire-Asia/ --

    Key points:

    -- CordLife secures strategic stake in China Stem Cells (South) Company
       Limited with US$10 million investment.
    -- The deal gives CordLife exclusive access to about 1 million new births
       in the province of Guangdong annually.
    -- CordLife's geographical footprint in Asia Pacific is enlarged, with
       direct access to China and India, two of the largest and fastest
       growing cord blood banking markets in the world.

CordLife Limited ("CordLife" or "the Company") announced that it has completed a Sale and Purchase Agreement with existing minority shareholders of China Stem Cell (South) Company Limited ("CSC South") for a 10 per cent stake. This US$10 million investment provides CordLife a foothold in one of the largest and fastest growing cord blood banking markets in the world. The access to this nascent market will be a catalyst to accelerate the growth of Company.

(Logo: http://www.prnasia.com/sa/2009/08/14/200908141521.jpg )

CSC South directly owns a 100 per cent equity interest in one of the largest cord blood banks in Asia, Municipality Tianhe Nuoya Bio-engineering Co. Ltd ("Nuoya"). Established since 2006, Nuoya is the sole licensed cord blood banking operator in Guangdong province, one of the most prosperous and populous provinces in China. It has exclusive and full access to about 1 million new births in the province annually by virtue of the licensing rules in the country. Adopting a channel-based strategy to access the market, Nuoya has developed strategic sales and marketing network through more than 90 major hospitals in the province to tap on
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SOURCE CordLife
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