An investigation for investors in 360 Finance, Inc. (NASDAQ: QFIN) shares over potential securities laws violations by 360 Finance, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/16/2019 -- An investigation was announced concerning potential securities laws violations by 360 Finance, Inc. in connection with certain financial statements.
Investors who purchased shares of 360 Finance, Inc. (NASDAQ: QFIN), 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 360 Finance, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based 360 Finance, Inc. operates a digital consumer finance platform under the 360 Jietiao brand in the People's Republic of China. On or about December 14, 2018, 360 Finance, Inc. sold 3.1 million shares of stock in its initial public stock offering (the "IPO"), at $16.50 a share raising $51,150,000 in new capital.
On August 23, 2019, 360 Finance, Inc announced that Mr. Jun Xu resigned from his roles as the Company's director and chief executive officer.
Shares of 360 Finance, Inc. (NASDAQ: QFIN) declined from as high as $24.10 per share in April 2019 to as low as $9.02 per share on August 29, 2019.
Those who purchased shares of 360 Finance, Inc. (NASDAQ: QFIN) 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 conftact 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.