Zhong Ji Longevity Science Group Ltd. Faces Legal Proceedings Over 2015 Acquisition Validity

Reuters
Jun 23
Zhong Ji Longevity Science Group Ltd. Faces Legal Proceedings Over 2015 Acquisition Validity

Zhong Ji Longevity Science Group Ltd. has announced ongoing legal proceedings related to its 2015 acquisition of a P2P loans platform. The company, based in Hong Kong, has acknowledged concerns regarding the legality of the business operated under the "Caijia" P2P financing platform, which ceased operations in 2020 due to regulatory issues. Despite these legal challenges, the company maintains that the proceedings do not currently impact its normal business operations or financial performance. Zhong Ji Longevity Science Group Ltd. has committed to actively responding to the legal action and keeping its shareholders informed of any significant developments.

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