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Zhong Ji Longevity Science Faces Legal Challenges Over Convertible Notes

Story Highlights
  • Zhong Ji Longevity Science is in legal proceedings over convertible notes from a 2015 acquisition.
  • The company questions the legality of these notes, citing potential fraud and breaches.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zhong Ji Longevity Science Faces Legal Challenges Over Convertible Notes

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Zhong Ji Longevity Science Group Limited ( (HK:0767) ) just unveiled an announcement.

Zhong Ji Longevity Science Group Limited is currently involved in legal proceedings concerning convertible notes issued during its 2015 acquisition of the Caijia P2P financing loans platform. Harmony Delight has filed a claim against the company, seeking either the conversion of these notes into shares or a monetary sum. The company is seeking legal advice to address concerns about the legality and validity of the convertible notes, citing potential issues such as the illegality of the acquired business, breach of profit guarantees, and possible fraudulent activities.

More about Zhong Ji Longevity Science Group Limited

Zhong Ji Longevity Science Group Limited operates in the financial services industry, focusing on financing loans platforms. The company is involved in the acquisition and management of convertible notes related to these platforms.

Average Trading Volume: 1,091,983

Technical Sentiment Signal: Hold

Current Market Cap: HK$308.8M

Find detailed analytics on 0767 stock on TipRanks’ Stock Analysis page.

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