NEW YORK, April 19, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of China Unicom (Hong Kong) Limited ("China Unicom" or the "Company") (NYSE: CHU). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/chu.
The investigation concerns whether China Unicom and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On April 18, 2017, new sources reported that China Unicom's former chairman, Chang Xiaobing, admitted at trial in China that he had accepted bribes worth more than 3.76 million yuan during his 14-year tenure at the Company. Following this news, China Unicom's American Depositary Receipt price has dropped as much as $0.61 per share, or 4.45%, during intraday trading on April 18, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of China Unicom, you can assist this investigation by visiting the firm's site: www.bgandg.com/chu. 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 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC