An investigation on behalf of investors in DouYu International Holdings Limited (NASDAQ: DOYU) shares over potential wrongdoing at DouYu International Holdings was announced.
San Diego, CA -- (SBWIRE) -- 02/19/2020 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at DouYu International Holdings Limited.
Investors who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU) and currently hold any of those DouYu International Holdings Limited (NASDAQ: DOYU shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain DouYu International Holdings Limited directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. On July 16, 2019, DouYu International Holdings Limited (NASDAQ: DOYU) announced its pricing of its initial public offering ("IPO") of 67.38 million ADS shares at $11.5 per share for a gross total proceeds of approximately $775 million.
However, since the IPO, shares of DouYu International Holdings Limited (NASDAQ: DOYU) declined to as low as $7.41 per share on October 15, 2019.
Those who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU) have certain options and should contact the Shareholders Foundation.
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