Energy News / Shareholders Foundation, Inc.

NASDAQ:CJJD Shareholder Notice: Investigation over Potential Wrongdoing at China Jo-Jo Drugstores, Inc

Via: ReleaseWire

Updated 11:00 AM CDT, Wed, May 23,2018

An investigation on behalf of investors in China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) shares over potential wrongdoing at China Jo-Jo Drugstores, Inc. was announced.

San Diego, CA -- (SBWIRE) -- 05/23/2018 -- An investigation was announced for investors in shares of China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) over potential breaches of fiduciary duties by certain officers and directors at China Jo-Jo Drugstores, Inc.

Investors who purchased shares of China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) 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 China Jo-Jo Drugstores directors breached their fiduciary duties and caused damage to the company and its shareholders.

China Jo-Jo Drugstores, Inc., together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. China Jo-Jo Drugstores, Inc. reported that its Total Revenue declined from over89.06 billion for the 12 months period that ended on March 31, 2016 to over 81.49 billion for the 12 months period that ended on March 31, 2017 and that its Net Income of 447.15 million declined to a Net Loss of over 5.64 billion over those respective time periods. Shares of China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) closed on May 22, 2018 at $1.58 per share.

Those who purchased shares of China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD), 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqcjjd-shareholder-notice-investigation-over-potential-wrongdoing-at-china-jo-jo-drugstores-inc-982422.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com