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Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of China Zenix Auto International Limited Investors (ZXAIY)Glancy Prongay & Murray LLP ("GPM"), a global investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired China Zenix Auto International Limited ("China Zenix" or the "Company") (OTC: ZXAIY) securities between October 2, 2015 and June 14, 2018, inclusive (the "Class Period"). China Zenix investors have until December 31, 2018 to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. On June 15, 2018, China Zenix disclosed that the New York Stock Exchange had made the decision to delist the Company's shares from its exchange, effective June 14, 2018. On this news, shares of China Zenix fell $0.58, or 42.03%, to close at $0.80 per share when trading resumed on June 18, 2018, thereby injuring investors. The complaint filed in this class action alleges that during the class period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) China Zenix's trading actions in connection with its compliance with the NYSE Continued Listed Requirements were contrary to public policy; (2) China Zenix had inadequate internal controls over financial reporting; and (3) as a result of the foregoing, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. Follow us for updates on Twitter (News - Alert): twitter.com/GPM_LLP. If you purchased shares of China Zenix during the Class Period you may move the Court no later than December 31, 2018 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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