The Law Offices of Frank R. Cruz announces an investigation of Hywin Holdings Ltd. (“Hywin” or the “Company”) (NASDAQ: HYW) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On December 14, 2023, Hywin disclosed that redemption issues had been reported on certain asset-backed products previously distributed by the Company with clients demanding repayment from the Company. Hywin stated that it would be conducting an internal investigation.
On this news, Hywin’s stock price fell $0.53, or 16%, to close at $2.77 per share on December 14, 2023, thereby injuring investors.
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If you purchased Hywin 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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