IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that it is investigating claims against ZTO Express (Cayman) Inc. (“ZTO” or the “Company”) (NYSE: ZTO) for possible violations of federal securities laws.
If you purchased shares of ZTO and want more information, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
The investigation focuses on whether ZTO and certain of its officers and/or directors violated federal securities laws. On October 27, 2016, the Company conducted a public offering of 72,100,000 American Depository Shares (“ADSs”), raising $1.4 billion (the “Offering”). ZTO’s registration statement and prospectus filed with the SEC in support of the Offering emphasized its strong operating leverage, superior profitability, and rapid growth, but 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, ZTO’s ADS price has declined approximately 25%.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at email@example.com.
This press release may constitute Attorney Advertising in some jurisdictions.