San Diego, CA -- (SBWire) -- 09/20/2023 --Tengjun Biotechnology Corp is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Tengjun Biotechnology Corp. (OTC: TJBH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Tengjun Biotechnology Corp. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Tengjun Biotechnology Corp., through its subsidiaries, engages in producing, packaging, distributing, and marketing featured dandelion teas and water purifiers in the People's Republic of China. On September 5, 2023, Tengjun Biotechnology Corp. announced their previous financial statements on Form 10-K for "the fiscal year ended December 31, 2022, should no longer be relied upon due to accounting methodology errors in such financial statements and that the Board deems it advisable and in the best interests of the Company to restate the financial statements by amending its annual report on Form 10-K for the fiscal year ended December 31, 2022 as soon as reasonably practicable."
Shares of Tengjun Biotechnology Corp. (OTC: TJBH) declined from $34.83 per share on August 18, 2023, to as low as $14.68 per share on September 12, 2023.
Those who purchased shares of Tengjun Biotechnology Corp. (OTC: TJBH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Tengjun Biotechnology Corp. (OTC:TJBH) Investor Notice: Investigation over Possible Violations of Securities Laws
An investigation for investors in Tengjun Biotechnology Corp. (OTC:TJBH) shares over potential securities laws violations by Tengjun Biotechnology Corp. was announced.