The Shareholders Foundation announces that an investigation on behalf of investors of iDreamSky Technology Ltd (ADR) (NASDAQ:DSKY) shares was initiated over potential securities laws violations by iDreamSky Technology and certain of its directors and officers.
Investors who purchased shares of iDreamSky Technology Ltd (ADR) (NASDAQ:DSKY) 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 focuses on possible claims on behalf of purchasers of the securities of iDreamSky Technology Ltd (ADR) (NASDAQ:DSKY) concerning whether a series of statements by iDreamSky Technology regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 13, 2015, iDreamSky Technology Ltd announced a revision its previously issued revenue guidance for the fourth quarter of 2014. iDreamSky Technology Ltd lowered its revenue guidance for the fourth quarter of 2014 to be betweenRMB327.0 million (US $52.7 million) and RMB329.0 million (US $53.0 million), as compared to the previously announced revenue guidance of between RMB390.0 million (US $62.9 million) and RMB410.0 million (US$66.1 million). Shares of iDreamSky Technology Ltd (ADR) (NASDAQ:DSKY) declined to $6.64 per share on March 17, 2015.
On March 20, 2015, NASDAQ:DSKY shares closed at $7.02 per share.
Those who purchased shares of iDreamSky Technology Ltd (ADR) (NASDAQ:DSKY) 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