An investigation for investors in Qunar Cayman Islands Ltd (NASDAQ:QUNR) shares over potential securities laws violations by Qunar Cayman Islands was announced and NASDAQ:QUNR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/25/2016 -- An investigation for shareholders in shares of Qunar Cayman Islands Ltd (NASDAQ:QUNR) over potential securities laws violations by Qunar Cayman Islands in connection certain financial statements was announced.
Investors who purchased shares of Qunar Cayman Islands Ltd (NASDAQ:QUNR), 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 Qunar Cayman Islands regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 4, 2016, pre-market, Qunar Cayman Islands Ltd announced changes to its management and board of directors, effective as of January 4, 2016. Qunar Cayman Islands Ltd said that Qunar Cayman Islands' co-founder Chenchao "CC" Zhuang will no longer serve as Qunar's director and chief executive officer, and Ms. Yilu Zhao will no longer serve as the company's chief financial officer. Qunar Cayman Islands Ltd said that Zhenyu Chen, Qunar's Executive Vice President and Head of Mobile Business Group, has been appointed as Qunar's chief executive officer; Qiang Zhang, Qunar's Executive Vice President and Head of Destination Services Business Group, will assume the role of its chief operating officer; and Mr. Xiaolu Zhu, Qunar's Senior Director of Strategy and Investor Relations, has been appointed as Qunar's chief financial officer. Shares of Qunar Cayman Islands Ltd (NASDAQ:QUNR) declined from $55.92 per share on December 30, 2015 to as low as $36.27 per share on January 7, 2015.
On January 22, 2016, NASDAQ:QUNR shares closed at $43.09 per share.
Those who purchased shares of Qunar Cayman Islands Ltd (NASDAQ:QUNR) 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