Press release
Yatsen Holding Limited (NYSE: YSG) Investor Alert: Investigation over potential Wrongdoing
An investigation on behalf of investors in Yatsen Holding Limited (NYSE: YSG) shares over potential wrongdoing at Yatsen Holding.
Investors who purchased shares of Yatsen Holding Limited (NYSE: YSG) 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 Yatsen Holding Limited directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China.
Yatsen Holding Limited reported that its annual Total Revenue rose from over $5.23 billion in 2020 to over $5.83 billion in 2021, and that its Net Loss declined from over $2.68 billion in 2020, to over $1.54 billion in 2021.
Yatsen began trading on the New York Stock Exchange on Nov. 19 through an IPO that raised $616.9 million. The company issued 67,562,500 American Depository Shares (ADS) to the investing public at $10.50 per share (the "IPO Price").
As of May 17, 2022, the company's American Depository Shares (ADS) have plummeted to $0.45 per ADS.
On or about November 19, 2020, Yatsen Holding Limited commenced an initial public offering ("IPO"), issuing 67,562,500 American Depository Shares (ADS) to the investing public at $10.50 per share.
Shares of Yatsen Holding Limited (NYSE: YSG) rose to $11.19 per share on June 9, 2021.
Since then NYSE: YSG shares declined to as low as $0.4140 per share on May 20, 2022.
Those who purchased shares of Yatsen Holding Limited (NYSE: YSG) 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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