INVESTOR ALERT: Law Offices of Howard G. Smith Continues Its Investigation on Behalf of Pintec Technology Holdings Limited Investors (PT)
Pintec Technology Holdings Limited - American Depositary Shares (PT)
Company Research
Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Pintec Technology Holdings Limited (“Pintec” or the “Company”) (NASDAQ: PT) investors concerning the Company and its officers’ possible violations of federal securities laws.In October 2018, Pintec completed its initial public offering (“IPO”) in which it sold more than 3.7 million American Depositary Shares (or “ADSs”) at $11.88 per share.On April 30, 2019, the Company disclosed that it could not timely file its 2018 annual report, its first filing on Form 20-F since it went public.Then, on July 30, 2019, after the market closed, the Company filed its 2018 annual report in which it restated certain results. Among other things, the Company reported net income of $315,000 for fiscal 2018, compared to its prior disclosure of $1.068 million net income.On this news, the Company’s share price fell $0.53, or more than 13%, over the next several trading sessions, to close at $3.40 per
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