LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ZTO Express (Cayman) Inc. (“ZTO” or the “Company”) (NYSE: ZTO).
If you purchased or otherwise acquired ZTO shares, and would like more information about the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you.
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”) 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 & Exchange Commission 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 fallen approximately 25%.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at firstname.lastname@example.org.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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