Press release
Investigation announced for Investors in shares of 360 DigiTech, Inc. (NASDAQ: QFIN)
An investigation for investors in 360 DigiTech, Inc. (NASDAQ: QFIN) shares over potential securities laws violations.
Investors who purchased shares of 360 DigiTech, Inc. (NASDAQ: QFIN), 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 360 DigiTech, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based 360 DigiTech, Inc., through its subsidiaries, operates a digital consumer finance platform under the 360 Jietiao brand in the People's Republic of China. 360 DigiTech, Inc. reported that its annual Total Revenue rose from 7.13 billion CNY in 2019 to over 11.65 billion CNY in 2020, and that Net Income increased from 2.5 billion CNY in 2019 to over 3.49 billion CNY in 2020.
On July 8, 2021, Seeking Alpha reported chatter on social media that the Company's core product offering, the 360 IOU app, has been removed from app stores.
Shares of 360 DigiTech, Inc. (NASDAQ: QFIN) declined from $44.11 per share on June 30, 2021 to low as $23.58 per share
Those who purchased shares of 360 DigiTech, Inc. (NASDAQ: QFIN) 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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