The Law Offices of Frank R. Cruz announces an investigation of Golden Heaven Group Holdings Ltd. (“Golden Heaven” or the “Company”) (NASDAQ: GDHG) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On November 13, 2023, Hindenburg Research posted a series of allegations on social media, noting that Golden Heaven’s CEO has “a history of undisclosed fraud allegations and asset freezes in China”, that “[t]he company was taken public by securities firms with multiple FINRA infractions” and that Golden Heaven’s “claimed high-tech parks appear to be dystopian hellscapes.” Hindenburg further detailed that each of Golden Heaven’s theme parks were poorly maintained and attracted fewer guests than the Company suggested.
On this news, Golden Heaven’s stock price fell $6.63, or 27.9%, to close at $17.12 per share on November 13, 2023, thereby injuring investors.
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If you purchased Golden Heaven securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20231220802731/en/
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
