NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of China Unicom (Hong Kong) Limited (NYSE:CHU) resulting from allegations that China Unicom may have issued materially misleading business information to the investing public.
On April 18, 2017, media outlets reported that China Unicom’s former Chairman and Chief Executive Officer Chang Xiaobing admitted at trial in China that he accepted bribes worth more than 3.76 million yuan during his 14-year tenure at China Unicom. On this news, shares of China Unicom fell $0.48 per share or over 3% on April 18, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by China Unicom investors. If you purchased shares of China Unicom on or before April 18, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1103.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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