IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against ZTO Express (Cayman) Inc. and Reminds Investors with Losses to Contact the Firm
IRVINE, CA / ACCESSWIRE / September 15, 2017 / Khang & Khang LLP (the "Firm") announces a securities class action lawsuit against ZTO Express (Cayman) Inc. ("ZTO" or the "Company") (ZTO). Investors, who purchased or otherwise acquired ZTO shares in connection with its October 27, 2016 initial public offering (the "IPO"), are encouraged to contact the Firm before the October 16, 2017 lead plaintiff motion deadline.
If you purchased ZTO shares pursuant or traceable to the IPO, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
According to the Complaint, the Registration Statement and Prospectus issued in connection with the IPO contained materially false and misleading information, and/or failed to disclose material information. At the time of the IPO, ZTO improperly inflated its stated profit margins by keeping certain low-margin segments of its business out of its financial statements. The Company failed to disclose that it used a system of "network partners" to handle lower-margin pickup and delivery services, while maintaining ownership of core hub operations. The Company was able to exaggerate its profit margins to investors by keeping the "network partners" businesses off its own books. Since the IPO, shares of ZTO fell in value materially, which caused investors harm according to the lawsuit.
If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in certain jurisdictions.
Contact:
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
