BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Sky Solar Holdings, Ltd. (“Sky Solar” or the “Company”) (NASDAQ: SKYS) investors concerning the Company and its officers’ possible violations of federal securities laws.
Sky Solar is an independent power producer that develops, owns, and operates solar parks worldwide.
On June 13, 2017, Sky Solar’s Management Committee announced its intention to form an investigative body to look into the conduct of Sky Solar’s former Chief Executive Officer, Mr. Weili Su. On this news, Sky Solar shares ceased trading.
Then, on June 16, 2017, Sky Solar announced that the investigation concerned “certain transactions and fund transfers,” involving Mr. Su, that “appear to lack proper board and audit committee authorization.” On this news, shares of Sky Solar fell nearly 20% during intraday trading on June 16, 2017.
If you purchased Sky Solar securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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