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Investigation announced for Investors in shares of HF Foods Group Inc. (NASDAQ: HFFG)

09-10-2019 05:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in HF Foods Group Inc. (NASDAQ: HFFG) shares over potential securities laws violations by HF Foods.

An investigation for investors in HF Foods Group Inc. (NASDAQ: HFFG) shares over potential securities laws violations by HF Foods.

HF Foods Group Inc. is under investigation concerning over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of HF Foods Group Inc. (NASDAQ: HFFG), 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 HF Foods Group Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Greensboro, NC based HF Foods Group Inc. markets and distributes fresh produces, frozen and dry food products, and non-food products primarily to Asian/Chinese restaurants and other food service customers in the Southeast region of the United States. HF Foods Group Inc. reported that its annual Total Revenue declined from $295.54 million in 2017 to $291 million in 2018 and that Net Income declined from $9.64 million in 2017 to $6.28 million in 2018.

Shares of HF Foods Group Inc. (NASDAQ: HFFG) declined from $35.00 per share in June 2019 to as low as $18.33 per share on September 6, 2019.

Those who purchased shares of HF Foods Group Inc. (NASDAQ: HFFG) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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