Elife Holdings Limited (HK:0223) has released an update.
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Elife Holdings Limited faces scrutiny as China Innovation Investment Limited calls for an investigation into the legality of share purchases by six minority shareholders. Concerns have been raised over potential violations of Mainland China’s foreign exchange control regulations, which may render the transactions void. The company is urged to appoint legal experts to investigate and report any foreign exchange violations or money laundering suspicions to authorities.
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