An investigation for investors in Tencent Music Entertainment Group (NYSE: TME) shares over potential securities laws violations by Tencent Music Entertainment Group was announced.
San Diego, CA -- (SBWIRE) -- 09/11/2019 -- An investigation was announced concerning potential securities laws violations by Tencent Music Entertainment Group in connection with certain financial statements.
Investors who purchased shares of Tencent Music Entertainment Group (NYSE: TME), 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 focuses on whether a series of statements by Tencent Music Entertainment Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. Shares of Tencent Music Entertainment Group (NYSE: TME) reached as high as $18.58 per share in April 2019.
On August 27, 2019, it was reported that the State Administration of Market Regulation, China's antitrust authority, is investigating exclusive licensing deals between Tencent Music Entertainment Group and major record labels including Universal Music Group, Sony Music Entertainment, and Warner Music Group. Shares of Tencent Music Entertainment Group (NYSE: TME) declined to as low as $12.28 per share on August 27, 2019.
Those who purchased shares of Tencent Music Entertainment Group (NYSE: TME) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
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 conftact 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.
For more information on this press release visit:
Media Relations Contact
Email: Click to Email Michael Daniels