Press release
Investigation announced for Long-Term Investors in shares of Wunong Net Technology Company Limited (NASDAQ: WNW)
An investigation on behalf of investors in Wunong Net Technology Company Limited (NASDAQ: WNW) shares over potential wrongdoing.
Investors who purchased shares of Wunong Net Technology Company Limited (NASDAQ: WNW) 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 Wunong Net Technology Company Limited directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based Wunong Net Technology Company Limited, a holding company, through its subsidiary Wunong Technology (Shenzhen) Co., Ltd offers online retail of foods products in China.
On May 19, 2021, Wunong Net Technology Company Limited issued a press release, stating it had "received written notification on May 18, 2021, from The Nasdaq Stock Market LLC that it no longer complies with Listing Rule 5250(c)(1) for continued listing in that it has failed to file its annual report on Form 20-F for the year ended December 31, 2020." Wunong Net Technology Company Limited advised the market that it "is working aggressively to complete its audit and file its annual report on Form 20-F by June 30, 2021 and accordingly, regain compliance with the Nasdaq Rules ahead of the deadline to submit its plan to regain compliance."
Shares of Wunong Net Technology Company Limited (NASDAQ: WNW) closed on June 7, 2021, at $6.76 per share.
Those who purchased shares of Wunong Net Technology Company Limited (NASDAQ: WNW) 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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