BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Tengjun Biotechnology Corp. (“Tengjun” or the “Company”) (OTC: TJBH) investors concerning the Company’s possible violations of federal securities laws.
On September 5, 2023, Tengjun disclosed that its previously issued financial statements for the fiscal year ended December 31, 2022 should “no longer be relied upon due to accounting methodology errors” and that it plans to restate its financial statements by amending its annual report on Form 10-K for the fiscal year ended December 31, 2022 “as soon as reasonably practicable.”
On this news, Tengjun’s share price fell $3.15, or 17.6%, to close at $14.71 per share on September 5, 2023, thereby injuring investors.
If you purchased Tengjun 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.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.