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Investigation announced for Long-Term Investors in DouYu International Holdings Limited (NASDAQ: DOYU)

02-14-2020 06:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in DouYu International Holdings Limited (NASDAQ: DOYU) shares over potential wrongdoing.

An investigation on behalf of investors in DouYu International Holdings Limited (NASDAQ: DOYU) shares over potential wrongdoing.

An investigation on behalf of investors in shares of DouYu International Holdings Limited (NASDAQ: DOYU) was announced over potential breaches of fiduciary duties by certain officers and directors at DouYu International Holdings Limited.

Investors who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU) and currently hold any of those DouYu International Holdings Limited (NASDAQ: DOYU shares 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 concerns whether certain DouYu International Holdings Limited (NASDAQ: DOYU officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

China based DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. On July 16, 2019, DouYu International Holdings Limited (NASDAQ: DOYU) announced its pricing of its initial public offering ("IPO") of 67.38 million ADS shares at $11.5 per share for a gross total proceeds of approximately $775 million.

However, since the IPO, shares of DouYu International Holdings Limited (NASDAQ: DOYU) declined to as low as $7.41 per share on October 15, 2019.

Those who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU) 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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