San Diego, CA -- (SBWIRE) -- 09/10/2014 -- An investor, who currently holds shares of China Housing & Land Development, Inc. (NASDAQ:CHLN), filed a lawsuit in effort to halt the proposed takeover of China Housing & Land Development, Inc.

Investors who purchased shares of China Housing & Land Development, Inc. (NASDAQ:CHLN) and currently hold any of those NASDAQ:CHLN shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:CHLN stockholders by agreeing to sell China Housing & Land Development, Inc. too cheaply via an unfair process.

Under the terms of the transaction, China Housing & Land Development, Inc will commence a reserve stock split where every 50,000 shares of publicly traded common stock will be converted into a whole share of China Housing & Land Development, Inc stock. China Housing & Land Development, Inc will make a cash payment equal to $1.75 for each pre-reverse stock split share.

However, the plaintiff claims that the offer is unfair to NASDAQ:CHLN stockholders and undervalues China Housing & Land Development, Inc.

China Housing & Land Development, Inc. reported that annual Total Revenue rose from $149.46 million in 2012 to $190.03 million in 2013 and that its Net Income declined from $20.21 million to $11.75 million. Shares of China Housing & Land Development, Inc. (NASDAQ:CHLN) traded in 2013 as high as $3.03 per share.

On September 8, 2014, NASDAQ:CHLN shares closed at $1.62 per share.

Those who are current investors in China Housing & Land Development, Inc. (NASDAQ:CHLN) shares 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