NEW YORK, Dec. 27, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating
potential claims on behalf of purchasers China TechFaith Wireless Communication Technology Limited ("China TechFaith" or the
“Company") (NASDAQ: CNTF). Such investors are encouraged to obtain additional information and assist the investigation by
visiting the firm’s site: bgandg.com/cntf.
The investigation concerns whether China TechFaith and certain of its officers and/or directors have violated federal securities
laws.
On December 20, 2018, China TechFaith announced that in connection with its sale of a subsidiary, it recognized “an impairment
loss of US$62.2 million under net loss from discontinued operations for the first half period ended on June 30, 2018.” Following
this news, China TechFaith stock dropped $0.59 per share, or over 35%, to close at $1.07 on December 20, 2018.
If you are aware of any facts relating to this investigation, or purchased China TechFaith shares, you can assist this
investigation by visiting the firm’s site: bgandg.com/cntf. 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.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
