Energy News / Shareholders Foundation, Inc.

NYSE:ZX Shareholder Alert: Lawsuit Alleges Misleading Statements by China Zenix Auto International Limited

Via: ReleaseWire

Updated 1:05 PM CST, Thu, November 29,2018

A lawsuit was filed on behalf of investors in China Zenix Auto International Limited (NYSE: ZX) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 11/29/2018 -- An investor, who purchased shares of China Zenix Auto International Limited (NYSE: ZX), filed a lawsuit over alleged Securities Laws violations by China Zenix Auto International Limited in connection with certain allegedly false and misleading statements.

Investors who purchased shares of China Zenix Auto International Limited (NYSE: ZX) have certain options and for certain investors are short and strict deadlines running. Deadline: December 31, 2018. NYSE: ZX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Zhangzhou, China based China Zenix Auto International Limited designs, manufactures, and sells commercial vehicle wheels to aftermarket and original equipment manufacturers in the People's Republic of China and internationally. On June 15, 2018, China Zenix Auto International Limited announced that the NYSE decided to delist the company's stock from its exchange, effective as of June 14, 2018. Shares of China Zenix Auto International Limited (NYSE: ZX) closed on June 14, 2018, at $1.38 per share.

The plaintiff claims that between October 2, 2015 through June 14, 2018, the defendants made false and/or misleading statements and/or failed to disclose that China Zenix's trading actions in connection with its compliance with the NYSE Continued Listed Requirements were contrary to public policy, that China Zenix had inadequate internal controls over financial reporting, and that as a result of the foregoing, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of China Zenix Auto International Limited (NYSE: ZX) 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 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 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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysezx-shareholder-alert-lawsuit-alleges-misleading-statements-by-china-zenix-auto-international-limited-1095812.htm

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