An investigation for investors in NYSE:SFUN shares was announced concerning possible violations of securities laws violations by Fang Holdings Ltd and certain of its directors and officers.
Investors who purchased shares of Fang Holdings Ltd (NYSE:SFUN), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Fang Holdings Ltd (NYSE:SFUN) concerning whether a series of statements by Fang Holdings Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Fang Holdings Ltd reported that its annual Total Revenue rose from $702.88 million in 2014 to $883.55 million in 2015 and that its Net Income of $253.22 million in 2015 declined to a Net Loss of $15.10 million in 2015.
On March 29, 2017, it was reported that Beijing City’s housing commission canceled the brokerage license of a unit of Fang Holdings Ltd because the unit posted fake online information for property sales.
Shares of Fang Holdings Ltd (NYSE:SFUN) declined from $7.57 per share in November 2015 to as low as $2.46 per share on March 29, 2017.
On April 7, 2017, NYSE:SFUN shares closed at $3.37 per share.
Those who purchased NYSE:SFUN shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
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