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Investigation announced for Investors in shares of Phoenix Tree Holdings Limited (NYSE: DNK)

04-22-2020 12:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Phoenix Tree Holdings Limited (NYSE: DNK) shares over potential securities laws violations.

An investigation for investors in Phoenix Tree Holdings Limited (NYSE: DNK) shares over potential securities laws violations.

Phoenix Tree Holdings Limited is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Phoenix Tree Holdings Limited (NYSE: DNK), 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 Phoenix Tree Holdings Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

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On or about January 22, 2020, Phoenix Tree Holdings Limited sold 9.6 million shares of stock in its initial public stock offering (the "IPO"), at $13.50 a share raising $130 million in new capital.

However, since the IPO, Phoenix Tree Holdings Limited shares declined to as low as $5.41 per share on April 6, 2020.

On April 17, 2020, shares of Phoenix Tree Holdings Limited (NYSE: DNK) closed at $7.16 per share.

Those who purchased shares of Phoenix Tree Holdings Limited (NYSE: DNK) 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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