San Diego, CA -- (SBWIRE) -- 01/26/2016 -- An investigation was announced for shareholders in China Telecom Corporation Limited (ADR) (NYSE:CHA) shares over potential securities laws violations by China Telecom as in connection certain financial statements.

Investors who purchased shares of China Telecom Corporation Limited (ADR) (NYSE:CHA), 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 whether a series of statements by China Telecom regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On December 27, 2015, the ruling Communist Party, led by Chinese President Xi Jinping, announced the investigation of Chang Xiaobing, chair of China Telecom Corporation Limited, for suspicions of corruption. As Beijing is expanding its anti-corruption campaign, the party's disciplinary arm, the Central Commission for Discipline Inspection announced that Xiaobing is suspected of having "severely violated disciplines." Chang Xiaobing was chairman of China Unicom, China's second largest mobile operator, before being named as head of China Telecom Corporation Limited in August 2015.

Shares of China Telecom Corporation Limited (ADR) (NYSE:CHA) closed on January 22, 2015 at $43.88 per share.

Those who purchased shares of China Telecom Corporation Limited (ADR) (NYSE:CHA) 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