China Longevity partial offer gains key regulatory consent

Alternative Liquidity Index, LP (ALI), through Somerley Capital Limited, has announced it has satisfied a key pre-condition for its voluntary cash partial offer to acquire a maximum of 85,261,250 shares in China Longevity Group Company Limited (HKEX:1863). The Executive has consented to the Partial Offer under Rule 28.1 of the Takeovers Code, and has waived strict compliance with Rule 28.7, consenting to the partial offer being made to acquire a specified range between 1% and 10% of China Longevity's issued shares. ALI is now required to despatch the Offer Document to shareholders by March 11, 2025, with China Longevity expected to follow with its Offeree Document by March 25, 2025. Shareholders are urged to carefully consider the Offer Document and the Offeree Document before making any decisions.