Investigation for Investors who lost money with shares of Tengjun Biotechnology Corp. (OTC: TJBH) over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain directors at Tengjun Biotechnology Corp.

Investors who purchased shares of Tengjun Biotechnology Corp. (OTC: TJBH) 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 Tengjun Biotechnology Corp. directors breached their fiduciary duties and caused damage to the company and its shareholders.

China based Tengjun Biotechnology Corp., through its subsidiaries, engages in producing, packaging, distributing, and marketing featured dandelion teas and water purifiers in the People's Republic of China. On September 5, 2023, Tengjun Biotechnology Corp. announced their previous financial statements on Form 10-K for "the fiscal year ended December 31, 2022, should no longer be relied upon due to accounting methodology errors in such financial statements and that the Board deems it advisable and in the best interests of the Company to restate the financial statements by amending its annual report on Form 10-K for the fiscal year ended December 31, 2022 as soon as reasonably practicable."

Shares of Tengjun Biotechnology Corp. (OTC: TJBH) declined from $34.83 per share on August 18, 2023, to as low as $14.68 per share on September 12, 2023.

Those who purchased shares of Tengjun Biotechnology Corp. (OTC: TJBH) 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.

This release was published on openPR.