NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired common stock of ZTO Express (Cayman) Inc. (“ZTO”) (NYSE:ZTO) pursuant and/or traceable to the Company’s Stock Offering on or about October 27, 2016. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
On October 27, 2016, ZTO conducted a public offering of 72,100,000 American Depository Shares (“ADSs”) at a price of $19.50 per share, raising $1.4 billion (the “Offering”). ZTO’s registration statement and prospectus filed with the U.S. Securities and Exchange Commission in support of the Offering presented a highly positive picture of ZTO’s business, performance, prospects, and acreage, while omitting crucial realities. ZTO specifically emphasized its strong operating leverage, superior profitability, and rapid growth. However, ZTO failed to disclose that it was improperly inflating its stated profit margins far above industry norms by keeping low-margin segments of its business out of its financial statements. Since the Offering, the price of ZTO’s ADSs has fallen approximately 25%.
If you suffered a loss in ZTO and would like to obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlkdocs.com/ZTO-Info-Request-Form-5934
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.