Global Cord Blood Corporation (NYSE:CO) is looking for acquisitions. Bing Chuen Chen, CFO said "First of all, regarding the company's strategic direction, especially concerning the potential acquisition, the company is looking into expanding our service revenue, our service portfolio. And part of the expansion strategy definitely will involve acquisitions.

And we are not limiting ourselves to acquisition targets within the PRC. There are interesting opportunities which we are currently exploring. So it is fair -- I guess it is fair to say that I think there are definitely opportunities available.

But none of that has reached an announceable stage, put it this way. So if we make any material developments on the acquisition front, we will definitely announce to the market in a timely manner".