Somerley Capital bids for 10% stake in China Longevity

Alternative Liquidity Index, LP, announced a pre-conditional voluntary cash partial offer through Somerley Capital Limited to acquire a maximum of 85,261,250 shares, representing approximately 10% of China Longevity Group Company Limited's (HKEX:1863) issued share capital. The offer price is HK$0.01 per share. The offer is conditional upon receiving consent and a waiver from the Executive under the Takeovers Code and a minimum acceptance of 8,526,125 shares. China Longevity shares have been suspended from trading since February 2013, and the offer reflects a significant discount to both recent trading prices and net asset value due to the prolonged suspension and other company-specific issues. Alternative Liquidity intends to finance the offer using internal resources. Somerley Capital, financial advisor to the Offeror, confirmed sufficient resources are available. Shareholders are urged to exercise caution when dealing in China Longevity securities.