An investigation on behalf of investors in PPDAI Group Inc. (NYSE: PPDF) shares over potential wrongdoing at PPDAI Group Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/16/2018 -- An investigation was announced for investors in shares of PPDAI Group Inc. (NYSE: PPDF) was announced over potential breaches of fiduciary duties by certain PPDAI Group directors.
Investors who purchased shares of PPDAI Group Inc. (NYSE: PPDF) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain PPDAI Group Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based PPDAI Group Inc., an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. The company went public in November 2017. PPDAI Group Inc. reported that its annual Total Revenue rose from over 1.26 billion CNY in 2016 to over 3.94 billion CNY in 2017 and that its Net Income rose from 501.49 million CNY in 2016 to over 1.08 billion CNY in 2018.
Since the company's initial public offering ("IPO") shares of PPDAI Group Inc. (NYSE: PPDF) declined to as low as $3.82 per share on July 19, 2018.
Those who purchased shares of PPDAI Group Inc. (NYSE: PPDF) have certain options and should contact the Shareholders Foundation.
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