San Diego, CA -- (SBWire) -- 12/14/2015 --An investigation for shareholders in NYSE:HMLP shares over potential securities laws violations by Hoegh LNG Partners announced.
Hoegh LNG Partners LP is a Bermuda-based limited partnership formed by Hoegh LNG Holdings Ltd. (HLNG), that owns and operates floating storage and regasification units under long-term charters.
Investors who purchased shares of Hoegh LNG Partners LP (NYSE:HMLP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on a series of statements by Hoegh LNG Partners regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Hoegh LNG Partners LP reported that its annual Total Revenue rose from $50.87 million in 2013 to $70.19 million in 2014 while its Net Income declined from $40.53 million in 2013 to $2.41 million in 2014.
On November 11, 2015, Hoegh LNG Partners LP disclosed that its previously reported financial statements for the years ended December 31, 2014 and 2013, each quarter within the year ended December 31, 2014, the quarter ended December 31, 2013 and the quarter ended March 31, 2015 and previously announced results for the quarter ended June 30, 2015 should not be relied upon. Furthermore, Hoegh LNG Partners LP said that the Board of Directors of Höegh LNG Partners concluded that a restatement for such periods is required.
Shares of Hoegh LNG Partners LP (NYSE:HMLP) declined from $23.00 per share in May 2015 to as low as $14.95 per share on November 12, 2015, respectively $12.80 per share on December 8, 2015.
On December 1, 2015, NYSE:HMLP shares closed at $14 per share
Those who purchased shares of Hoegh LNG Partners LP (NYSE:HMLP) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Hoegh LNG Partners LP (NYSE:HMLP) Shareholder Alert: Investigation over Possible Violations of Securities Laws
An investigation for shareholders in NYSE:HMLP shares over potential securities laws violations by Hoegh LNG Partners was announced and NYSE:HMLP stockholders should contact the Shareholders Foundation.