NEW
YORK, June 10, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of First High-School Education
Group Co., Ltd. (NYSE: FHS).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/first-high-school-education-group-co-ltd-loss-submission-form/?id=28319&from=4
This lawsuit is on behalf of all persons or entities who
purchased FHS American Depositary Shares in or traceable to the
Company's March 2021 initial public
offering.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
July 11, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, First High-School Education
Group Co., Ltd. issued materially false and/or misleading
statements and/or failed to disclose that: (a) the new rules,
regulations and policies to be implemented by the Chinese
government following the Two Sessions parliamentary meetings were
far more severe than represented to investors and posed a material
adverse threat to the Company and its business; (b) contemplated
Chinese regulations and rules regarding private education were
leading to a slowdown of government approval to open new
educational facilities which would have a negative effect on FHS's
enrollment and growth; and (c) as a result, representations
made in connection with the Company's initial public offering
regarding FHS's historical financial and operational metrics and
purported market opportunities did not accurately reflect the
actual business, operations, and financial results and trajectory
of the Company at the time of the initial public offering, and were
materially false and misleading and lacked a factual basis.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law