China Cord Blood Pays $20 Million for Stake in Shandong Cord Blood Bank

China Cord Blood Corporation has acquired a 19.92% equity interest in Shandong Cord Blood Bank (SCBB) for $20.5 million, which will be paid in cash. China Cord Blood already projects an investment yield in this year of 5% or about $1 million from the purchase. More importantly, China Cord Blood also has right of first refusal on future equity interests in SCBB. More details... Stock Symbol: (NYSE: CO)