An investigation for investors in 9F Inc. (NASDAQ:JFU) shares over potential securities laws violations by 9F Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/17/2020 -- 9F Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of 9F Inc. (NASDAQ: JFU), 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 9F Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based 9F Inc., together with its subsidiaries, operates a digital financial account platform that integrates and personalizes financial services in the People's Republic of China.
On or about August 15, 2019, 9F Inc. sold about 8.9 million NASDAQ: JFU shares in its initial public stock offering (the "IPO"), at $9.50 a share raising nearly $85 million in new capital.
9F Inc. reported that its annual Total Revenue declined from over 5.55 billion CNY in 2018 to over 4.42 billion CNY in 2019, and that its Net Income of over 1.98 billion CNY in 2018 turned into a Net Loss of over 2.15 billion CNY in 2019.
Shares of 9F Inc. (NASDAQ: JFU) declined to as low as $1.76 per share on July 24, 2020.
Those who purchased shares of 9F Inc. (NASDAQ: JFU) 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
About Shareholders Foundation, Inc.
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.