Press release
Investigation announced for Investors who lost money with shares of Hywin Holdings Ltd. (NASDAQ: HYW)
An investigation for investors in Hywin Holdings Ltd. (NASDAQ: HYW) shares over potential securities laws violations.
Investors who purchased shares of Hywin Holdings Ltd. (NASDAQ: HYW), 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 Hywin Holdings Ltd. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Hywin Holdings Ltd., through its subsidiaries, provides wealth management, asset management, health management, insurance brokerage, and other financial services in China.
Hywin Holdings Ltd. reported that its Total Revenue rose from over 1.94 billion CNY for the 12 months period that ended on June 30, 2022, to over 2.09 billion CNY for the 12 months period that ended on June 30, 2023, and that its Net Income over those respective time periods declined from 235.86 million CNY to 120.27 million CNY.
On December 14, 2023, Hywin Holdings Ltd disclosed that redemption issues had been reported on certain asset-backed products previously distributed by the Company with clients demanding repayment from the Company. Hywin stated that it would be conducting an internal investigation.
Shares of Hywin Holdings Ltd. (NASDAQ: HYW) declined from 7.31 per share on November 24, 2023, as low as $1.21 per share on January 17,2024.
Those who purchased shares of Hywin Holdings Ltd. (NASDAQ: HYW) 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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