LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kanzhun Limited (“Kanzhun” or “the Company”) (NASDAQ: BZ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Kanzhun issued a press release on July 5, 2021, titled: “KANZHUN LIMITED Announces Cybersecurity Review in China.” According to the Company’s release, “pursuant to the announcement posted by the Cyberspace Administration of China on July 5, 2021, the Company is subject to cybersecurity review by the authority. During the review period, ‘BOSS Zhipin’ app is required to suspend new user registration in China to facilitate the process.” Based on this news, shares of Kanzhun dropped by about 14.5% in intraday trading on July 6, 2021.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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