- October 5, 2021
- Posted by: Mainframe Consulting
- Category: Business Wire
NEW YORK–(BUSINESS WIRE)–Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against China Evergrande Group (“China Evergrande” or the “Company”) (Other OTC: EGRNY) on behalf of China Evergrande stockholders. Our investigation concerns whether China Evergrande has violated the federal securities laws and/or engaged in other unlawful business practices.
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The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. China Evergrande is the subject of a Wall Street Journal article published on September 18, 2021, 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.”
Based on this news, shares of China Evergrande fell $2.41, to close at $8.49 on September 20, 2021.
If you purchased or otherwise acquired China Evergrande shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at firstname.lastname@example.org, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Published at Tue, 05 Oct 2021 01:00:00 +0000