49
CORDLIFE GROUP LIMITED
| ANNUAL REPORT 2015
CORPORATE GOVERNANCE REPORT
As at 30 June 2015, the Group has utilised approximately S$8.3 million of the Private Placement proceeds as follows:
Intended Use of
Placement Proceeds
Estimated
amount
S$
(in millions)
Estimated
percentage
of gross
proceeds
raised from
the Private
Placement
Amount
utilised
S$
(in millions)
Percentage of
gross proceeds
raised from
the Private
Placement
Further, fund and support
the Group’s operations in
connection with its enlarged
geographical footprint
developed after the
Company’s IPO, including
funding of additional
strategic investments, joint
ventures, acquisitions and/
or strategic alliances as
and when opportunities
materialise and are deemed
appropriate by the Board
23.5
70.1%
5.4
16.1%
General working capital
8.6
25.7%
2.3
6.9%
Expenses incurred in
connection with the
Private Placement
1.4
4.2%
0.6
1.8%
33.5
100.0%
8.3
24.8%
The breakdown of the total use of the Private Placement proceeds by the Group for general working capital purposes
is as follows:
Amount utilised as general working capital
:
Trade purchases
2.2
Legal and professional fees
0.1
2.3
