NEW YORK–(BUSINESS WIRE)–Bragar Eagel & Squire, P.C., a nationally acknowledged shareholder rights regulation agency, is investigating potential claims in opposition to Tencent Music Leisure Group (NYSE: TME) on behalf of Tencent stockholders. Our investigation considerations whether or not Tencent has violated the federal securities legal guidelines and/or engaged in different illegal enterprise practices.
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On March 12, 2021, Bloomberg revealed an article entitled “Tencent Faces Broad China Clampdown on Fintech, Offers,” reporting that “China’s high monetary regulators see Tencent as the following goal for elevated supervision after the clamp down” on Ant Group Co. Consequently, the Firm would “most likely be required to determine a monetary holding firm to incorporate its banking, insurance coverage, and funds providers.”
On this information, the Firm’s American Depositary Receipts (“ADRs”) worth fell as a lot as $7, or practically 8%, on March 12, 2021.
If you happen to bought or in any other case acquired Tencent shares and suffered a loss, have info, wish to study extra about these claims, or have any questions regarding this announcement or your rights or pursuits with respect to those issues, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by e-mail at [email protected]com, phone at (212) 355-4648, or by filling out this contact form. There isn’t a price or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally acknowledged regulation agency with places of work in New York, California, and South Carolina. The agency represents particular person and institutional traders in industrial, securities, spinoff, and different advanced litigation in state and federal courts throughout the nation. For extra details about the agency, please go to www.bespc.com. Lawyer promoting. Prior outcomes don’t assure related outcomes.