Press release
Investigation announced for Investors in Golden Heaven Group Holdings Ltd. (NASDAQ: GDHG) over possible Violations of Securities Laws
An investigation for investors in Golden Heaven Group Holdings Ltd. (NASDAQ: GDHG) shares over potential securities laws violation
Investors who purchased shares of Golden Heaven Group Holdings Ltd. (NASDAQ: GDHG), 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 Golden Heaven Group Holdings Ltd. (NASDAQ: GDHG) concerning whether a series of statements by Golden Heaven Group Holdings Ltd. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Golden Heaven Group Holdings Ltd., an offshore holding company, engages in the development, construction, management, and operation of urban amusement parks, water parks, amusement projects, and amusement facilities in China. Golden Heaven Group Holdings Ltd. reported that its Total Revenue rose from $38.51 million for the 12 months period that ended on September 30, 2021, to $41.78 million for the 12 months period that ended on September 30, 2022, and that its Net Income over those respective time periods increased from $13.93 million to $14.69 million.
: On November 13, 2023, Hindenburg Research revealed Golden Heaven overstated business performance for parks Golden Heaven owns. Golden Heaven also failed to disclose judgement against its CEO from alleged fraud which resulted in Qiong Jin being restricted from travel. Court orders determined the headquarters address be shuttered.
Shares of Golden Heaven Group Holdings Ltd. (NASDAQ: GDHG) declined from $24.99 per share to $11.01 per share on November 13, 2023.
Those who purchased shares of Golden Heaven Group Holdings Ltd. (NASDAQ: GDHG) 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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