Core Viewpoint - The company is facing legal challenges regarding its convertible notes, with a significant claim from a holder seeking to convert a portion of the notes into shares, raising questions about the validity of the notes and the 2015 acquisition [1][2]. Group 1: Convertible Notes Update - The company has issued convertible notes amounting to HKD 2.1824 billion, which are set to mature on April 20, 2024 [1]. - A holder, Yuhe Holdings Limited, is seeking to declare the convertible notes valid and binding, aiming to convert them into 110 million shares, representing 20.13% of the company's existing issued share capital [1]. - As of the announcement date, other holders of the convertible notes have not contacted the company for redemption [1]. Group 2: Legal and Regulatory Concerns - The company has raised concerns regarding the legality of the business acquired in 2015, specifically the P2P financing platform "Fajia," which ceased operations in 2020 due to regulatory issues [2]. - The acquisition cost, based on an implied price-to-earnings ratio of approximately 7.14 times, is now under scrutiny due to the aforementioned issues [2]. - The company has appointed legal advisors to address the validity of the 2015 acquisition and will act in the best interests of the company and its shareholders [2]. Group 3: Impact on Operations - The ongoing legal proceedings are not expected to significantly impact the company's daily operations or overall financial performance [3]. - The company is committed to actively responding to the lawsuit and will provide updates to shareholders and potential investors regarding any significant developments [3].
中基长寿科学(00767)：愉和尚未提交载有实质细节的详细申索陈述书