China Evergrande Group (EGRNY, EGRNF) Shareholder Notice: Investigation over Potential Wrongdoing
An investigation on behalf of investors in China Evergrande Group (EGRNY, EGRNF) shares over potential wrongdoing at China Evergrande Group was announced.
San Diego, CA -- (SBWire) -- 11/19/2021 --An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at China Evergrande Group.
Investors who purchased shares of China Evergrande Group (EGRNY, EGRNF) 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 China Evergrande Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based China Evergrande Group, an investment holding company, primarily engages in the property development business in the People's Republic of China.
On September 18, 2021, an article was published, titled: "How Beijing's Debt Clampdown Shook the Foundation of a Real-Estate Colossus: China Evergrande's looming collapse and its ripple effect on the economy will pose a test for the government's campaign to keep housing affordable for the masses." According to the article, "the party has ended. Years of aggressive borrowing have collided with Beijing's crackdown on debt, leaving [China Evergrande] on the brink of collapse."
Shares of China Evergrande Group (EGRNY, EGRNF) declined from $19.00 per EGRNY shares on August 12, 2021, to $7.25 per share on September 21, 201, respectively from $1.6 per EGRNF share on June 8, 2021, to $0.28 per share on September 21, 2021,
Those who purchased shares of China Evergrande Group (EGRNY, EGRNF) have certain options and should contact the Shareholders Foundation.
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