China Innovation Warns Elife Over Potential Contract Breach

China Innovation Investment Limited (HK:1217) has released an update.

China Innovation Investment Limited has issued a declaration urging Elife Holdings Limited to consider the potential repercussions of a breach of contract following a requisition by minority shareholders to alter Elife’s board. The removal of certain directors could impact China Innovation’s management rights over Elife and undermine their investment intentions, leading to possible detriments to both companies’ interests. The company requests careful consideration from Elife’s board and shareholders to address this matter prudently.

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