An investigation for investors in Huazhu Group Limited (NASDAQ: HTHT) shares over potential securities laws violations by Huazhu Group Limited was announced.
San Diego, CA -- (SBWIRE) -- 09/17/2018 -- An was announced concerning over potential securities laws violations by Huazhu Group Limited and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Huazhu Group Limited (NASDAQ: HTHT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Huazhu Group Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Huazhu Group Limited, together with its subsidiaries, develops and operates leased and owned, manachised, and franchised hotels primarily in the People's Republic of China
Huazhu Group Limited reported that its annual Total Revenue rose from over 6.53 billion CNY in 2016 to over 8.17 billion CNY in 2017 and that its Net Incoem increased from 804 million CNY in 2016 to over 1.23 billion CNY in 2017.
On August 29, 2018, media outlets reported that Shanghai police had been alerted to a possible client data breach at Huazhu Group Limited, stating that nearly 500 million pieces of customer-related information, including registration information, personal data, and booking records, had emerged in an online post.
Those who purchased shares of Huazhu Group Limited (NASDAQ: HTHT) 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
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.