LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights 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.
To get more information about this investigation, please contact Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or by email at email@example.com.
On October 27, 2016, ZTO conducted a public offering of 72,100,000 American Depository Shares at a price of $19.50 per share (the “Offering”). The Company’s registration statement and prospectus filed with the SEC in support of the Offering presented a very positive picture of ZTO’s business, performance, prospects, and acreage, while omitting crucial realities. The Company 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. The Company’s share price has fallen significantly since the Offering.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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