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Investigation announced for Investors in shares of Tencent Holdings Limited (OTC: TCEHY)

03-17-2021 04:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Tencent Holdings Limited (OTC: TCEHY) shares over potential securities laws violations.

An investigation for investors in Tencent Holdings Limited (OTC: TCEHY) shares over potential securities laws violations.

An investigation was announced over potential securities laws violations by Tencent Holdings Limited in connection with certain financial statements.

Investors who purchased shares of Tencent Holdings Limited (OTC: TCEHY), 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 possible claims on behalf of purchasers of the securities of Tencent Holdings Limited (OTC: TCEHY) concerning whether a series of statements by Tencent Holdings Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Internet advertising services in Mainland China, the United States, Europe, and internationally. Tencent Holdings Limited reported that its annual Total Revenue rose from over 312.69 billion CNY in 2018 to over 377.28 billion CNY in 2019, and that its Net Income increased from over 78.71 billion CNY in 2018 to 93.31 million CNY in 2019.

On March 12, 2021, Bloomberg published an article entitled “Tencent Faces Broad China Clampdown on Fintech, Deals,” reporting that “China’s top financial regulators see Tencent as the next target for increased supervision after the clamp down” on Ant Group Co. As a result, the Company would “probably be required to establish a financial holding company to include its banking, insurance, and payments services.”

Shares of Tencent Holdings Limited (OTC: TCEHY) declined from $92.75 per share on March 3, 2021 to $80.60 per share on March 15, 2021.

Those who purchased shares of Tencent Holdings Limited (OTC: TCEHY) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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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