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Investigation announced for Investors in First High-School Education Group Co., Ltd. (NYSE: FHS) over potential Wrongdoing

09-09-2022 05:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in First High-School Education Group Co., Ltd. (NYSE: FHS) shares.

An investigation on behalf of current long term investors in First High-School Education Group Co., Ltd. (NYSE: FHS) shares.

An investigation was announced for investors in shares of First High-School Education Group Co., Ltd. (NYSE: FHS) concerning potential breaches of fiduciary duties by certain directors of First High-School Education Group Co., Ltd.

Investors who are current long term investors in First High-School Education Group Co., Ltd. (NYSE: FHS) shares, 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 for current long term investors in NYSE: FHS stocks follows a lawsuit filed against First High-School Education Group Co., Ltd. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: FHS stocks, concerns whether certain First High-School Education Group Co., Ltd. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the IPO's Registration Statement made inaccurate statements of material fact because defendants failed to disclose the following adverse facts that existed at the time of the IPO that the new rules, regulations, and policies to be implemented by the Chinese government following the Two Sessions parliamentary meetings were far more severe than represented to investors and posed a material adverse threat to First High-School Education and its business, that contemplated Chinese regulations and rules regarding private education were leading to a slowdown of government approval to open new educational facilities which would have a negative effect on First High-School Education's enrollment and growth, and that, as a result, the Registration Statement's representations regarding First High-School Education's historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of First High-School Education at the time of the IPO, and were materially false and misleading and lacked a factual basis.

Those who purchased shares of First High-School Education Group Co., Ltd. (NYSE: FHS) 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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