NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Tencent Music Entertainment Group (NYSE: TME) resulting from allegations that Tencent Music may have issued materially misleading business information to the investing public.
On August 27, 2019, Bloomberg reported that China’s antitrust authority, the State Administration of Market Regulation, is investigating exclusive licensing deals between Tencent Music and major record labels including Universal Music Group, Sony Music Entertainment, and Warner Music Group. On this news, the price of Tencent Music’s securities fell $0.92 per share, or 6.82%, to close at $12.57 per share on August 27, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered Tencent Music investors. If you purchased shares of Tencent Music please visit the firm’s website at http://www.rosenlegal.com/cases-register-1672.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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