The Shareholders Foundation announces that an investigation on behalf of investors of Kingold Jewelry Inc (NASDAQ:KGJI) shares is pending over potential securities laws violations by Kingold Jewelry and certain of its directors and officers in connection certain financial statements.
Investors who purchased shares of Kingold Jewelry Inc (NASDAQ:KGJI) have certain options and should contact the Shareholders Foundation at mail(at)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 Kingold Jewelry Inc (NASDAQ:KGJI) concerning whether a series of statements Kingold Jewelry regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 4, 2014, an article was published that alleged that Kingold’s accounting and management practices raise several red flags. Shares of Kingold Jewelry Inc (NASDAQ:KGJI) declined from $1.91 in January 2014 to $1.12 per share on April 8, 2014.
On April 25, 2014, NASDAQ:KGJI closed at $1.12 per share.
Those who purchased shares of Kingold Jewelry Inc (NASDAQ:KGJI), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com