The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against X Financial (XYF)
X Financial American Depositary Shares, each representing six Class A Ordinary Shares (XYF)
Last x financial american depositary shares, each representing six class a ordinary shares earnings: 3/18 05:20 pm
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming February 7, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of X Financial (“X Financial” or the “Company”) (NYSE: XYF) investors who purchased American Depositary Shares (“ADSs”) pursuant and/or traceable to the Company's September 19, 2018 initial public offering (“IPO” or the “Offering”), inclusive (the “Class Period”).If you are a shareholder who suffered a loss, click here to participate.In September 2018, the Company completed its IPO selling 11.7 million ADSs at $9.50 per ADS.On November 19, 2018, X Financial announced its third quarter 2018 financial results, reporting that its delinquency rate for loans was 3.51%, or more than a 40% increase from the prior quarter.Then, on May 21, 2019, X Financial acknowledged that it was unlikely to achieve significant loan or revenue growth because its preferred loan business had failed over the last year a
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- Here's Why We Think X Financial (NYSE:XYF) Is Well Worth Watching [Yahoo! Finance]Yahoo! Finance