NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Sky Solar Holdings, Ltd. (“Sky Solar” or the “Company”) (NASDAQ:SKYS).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, on June 13, 2017, the Company announced that after reviewing conduct of its former Chief Executive Officer, Mr. Weili Su (the “Former CEO”), its Management Committee intends to recommend that the Company’s board of directors form a committee to investigate its Former CEO. Then on June 15, 2017, the Company announced, in part, that the investigation concerns “certain transactions and fund transfers which appear to lack proper board and audit committee authorizations” and that the Company is “evaluating the potential impact of these transactions and fund transfers.”
On this news, Sky Solar’s share price declined, causing harm to investors.
If you invested in Sky Solar stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/SKYS. There is no cost or obligation to you.
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