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DNK Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Phoenix Tree Holdings Limited and Encourages Investors to Contact the Firm

2020-04-28 17:00 ET - News Release

NEW YORK, April 28, 2020 /PRNewswire/ -- Attorney Advertising --  Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Phoenix Tree Holdings Limited  ("Phoenix" or the "Company") (NYSE: DNK). Investors who purchased Phoenix American Depositary Shares ("ADSs") are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/dnk.       

The investigation concerns whether Phoenix and certain of its officers and/or directors have violated federal securities laws.

Around January 22, 2020, Phoenix sold 9.6 million shares in its initial public offering (the "IPO"), for $13.50 a share. The company raised $130 million. Since the IPO, Phoenix ADSs has dropped and on April 16, 2020, Phoenix closed at $7.35 per share.

If you are aware of any facts relating to this investigation, or purchased Phoenix shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/dnk. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

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