An investigation on behalf of investors in Pintec Technology Holdings Limited (NASDAQ: PT) shares over potential wrongdoing at Pintec Technology Holdings Limited was announced.
San Diego, CA -- (SBWIRE) -- 11/05/2019 -- Certain directors of Pintec Technology Holdings Limited are under investigation concerning potential breaches of fiduciary duties.
Investors who purchased shares of Pintec Technology Holdings Limited (NASDAQ: PT) should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Pintec Technology Holdings Limited directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based Pintec Technology Holdings Limited, through with its subsidiaries, engages in the operation of an online technology platform that enables financial services in the People's Republic of China.
In October 2018, Pintec Technology Holdings Limited completed its initial public offering ("IPO") in which it sold more than 3.7 million American Depositary Shares at $11.88 per ADS.
On April 30, 2019, Pintec revealed that it could not timely file its 2018 annual report, its first filing on Form 20-F since Pintec went public.
On March 20, 2019, Pintec Technology Holdings Limited announced its fourth quarter and full year 2018 unaudited financial results. Pintec Technology Holdings Limited (NASDAQ: PT) reported that ita annual Total Revenue rose from 568.72 million RMB in 2017 to over 1.05 billion RMB in 2018 and that its Net Loss of 84.86 million RMB in 2017 turned into a Net Income of 7.35 million RMB in 2018.
Since the IPO, Pintec Technology Holdings Limited's stock has traded as low as $0.83 per ADS on October 31, 2019.
Those who purchased shares of Pintec Technology Holdings Limited (NASDAQ: PT) have certain options and should contact the Shareholders Foundation.
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