An investigation on behalf of investors in Zhihu Inc. (NYSE:ZH) shares over potential wrongdoing at Zhihu Inc. was announced.
San Diego, CA -- (SBWIRE) -- 04/14/2023 -- An investigation on behalf of investors in shares of Zhihu Inc. (NYSE: ZH) was announced over potential breaches of fiduciary duties by certain officers and directors at Zhihu Inc.
Investors who purchased shares of Zhihu Inc. (NYSE: ZH) 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 concerns whether certain Zhihu Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based Zhihu Inc. operates an online content community in the People's Republic of China. Zhihu Inc. Reported that its annual Total revenue rose from over 1.35 billion CNY in 2020 to over 2.95 billion CNY in 2021, and that its Net Loss increased from 517.55 million CNY in 2020 to over 1.29 billion CNY in 2021.
On or about March 26, 2021, Zhihu Inc. conducted its initial public offering ("IPO"), offering 55 million shares of its common stock to the investing public at a price of $9.50 per share.
Since the IPO shares Zhihu Inc. (NYSE: ZH) declined to as low as $0.97 per share on October 24, 2022.
Those who purchased shares of Zhihu Inc. (NYSE: ZH) 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.