We are a Cayman Islands company registered by way of continuation in the Cayman Islands on June 30, 2009.
GCBC, formerly known as CCBC, was formed through a business combination (the "Business Combination"), which involved the merger of Pantheon China Acquisition Corp. ("Pantheon") with and into Pantheon Arizona Corp. ("Pantheon Arizona"), then a wholly owned subsidiary of Pantheon formed for the purpose of effecting a merger, with Pantheon Arizona surviving the merger (the "Merger") and the conversion and continuation of Pantheon Arizona's corporate existence from Arizona to the Cayman Islands (the "Redomestication"). Immediately following the Redomestication, the participating shareholders of approximately 93.94% of the issued and outstanding shares of CCBS completed a share exchange with Pantheon Arizona, and Pantheon Arizona changed its name to CCBC, resulting in CCBS becoming a subsidiary of CCBC and the participating shareholders becoming holders of CCBC's ordinary shares (the "Share Exchange"). Subsequent to the Share Exchange, CCBC entered into agreements to exchange 3,506,136 newly issued CCBC shares for the remaining 6.06% of the issued and outstanding shares of CCBS on terms substantially similar to those of the Business Combination, resulting in CCBS becoming our wholly owned subsidiary. In connection with the Business Combination, we agreed to issue up to 9,000,000 ordinary share purchase warrants to our management pursuant to a warrant incentive scheme, subject to us achieving certain performance thresholds. Notwithstanding achievement of these thresholds, no warrants were ever issued, and on July 14, 2010 the scheme was cancelled.
CCBS was incorporated on January 17, 2008 under the Companies Law to become the direct holding company of CSC Holdings. CCBS has three operating subsidiaries in China: Jiachenhong, Nuoya and Lukou. As of March 31, 2019, CCBS holds an indirect 100.0% interest in each of Jiachenhong and Nuoya and an indirect 90.0% interest in Lukou. In addition, CCBS held an indirect 10.1% equity interest in Cordlife Singapore, a provider of cord blood banking services with operations in Singapore, Hong Kong, India, Indonesia, Malaysia and the Philippines (as well as brand presence in Myanmar and Vietnam).
|Comps ($MM TTM)||Market Cap||Gross Margin||EV/EBITDA||Ret on Assets||Assets||Liabilities||Revenue||G Profit||Net Income||EBITDA||EV|
|Tabula Rasa Healthcare (TRHC)||1,216||29%||1,416.0||-5%||499||314||269||78||-26||1||1,490|
|EVO Payments (EVOP)||984||0%||13.1||-1%||1,600||1,454||507||0||-11||107||1,391|
|Global Cord Blood (CO)||850||0%||6,551||3,128||0||0||0||0||-4,148|
|Cass Information Systems (CASS)||817||0%||13.8||2%||1,781||1,534||118||0||31||43||594|
|Emerald Expositions Events (EEX)||722||67%||10.4||1%||1,534||819||316||213||18||68||708|
|Vantage Energy Acquisition (VEAC)||693||133.2||1%||562||23||0||0||4||5||693|
|B Riley Financial (RILY)||692||82%||9.6||3%||2,107||1,807||589||483||56||129||1,232|
|TPG Pace (TPGH)||576||0%||430||25||0||0||0||0||579|
|Resources Connection (RECN)||567||39%||10.9||6%||497||208||723||282||31||55||595|
|International Money Express (IMXI)||542||0%||12.7||8%||241||191||311||0||19||43||546|
|Limelight Networks (LLNW)||354||40%||-18.6||-11%||208||50||184||73||-24||-18||339|
|Rimini Street (RMNI)||346||63%||12.7||16%||121||251||271||172||20||24||303|
|Balance Sheet ($MM)||2012-03-31||2013-03-31||2014-03-31||2015-03-31||2016-03-31||2017-03-31||2018-03-31||2019-03-31|
|Income Statement ($MM)||2012-03-31||2013-03-31||2014-03-31||2015-03-31||2016-03-31||2017-03-31||2018-03-31||2019-03-31|
|Cost of Revenue|
|Cash Flow ($MM)||2012-03-31||2013-03-31||2014-03-31||2015-03-31||2016-03-31||2017-03-31||2018-03-31||2019-03-31|