Elife Holdings Limited (HK:0223) has released an update.
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Elife Holdings Limited is expressing concerns about the legality of the funding source for a voluntary partial cash offer made by a Chinese resident, due to potential non-compliance with Chinese foreign exchange regulations. The company has sought legal advice to verify the legitimacy of the offeror’s funds but has encountered a lack of cooperation from the financial adviser. Shareholders are urged to seek professional advice before making decisions regarding the offer.
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