An investigation for investors in Fang Holdings Ltd (NYSE:SFUN) shares over potential securities laws violations by Fang Holdings Ltd was announced and NYSE:SFUN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/03/2017 -- Fang Holdings Ltd is under investigation over potential securities laws violations. The investigation was announced on behalf of investors in Fang Holdings Ltd shares in connection certain financial statements made by Fang Holdings Ltd.
Investors who purchased shares of Fang Holdings Ltd (NYSE:SFUN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by Fang Holdings Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 29, 2017, it was reported that Beijing City's housing commission canceled the brokerage license of a unit of Fang Holdings Ltd because the unit posted fake online information for property sales. Shares of Fang Holdings Ltd (NYSE:SFUN) declined from $7.57 per share in November 2015 to as low as $2.46 per share on March 29, 2017.
On March 31, 2017, NYSE:SFUN shares closed at $3.26 per share.
Those who purchased shares of Fang Holdings Ltd have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com