Beijing child abuse sandal: RYB shares plunge nearly 40% in early New York trade
published: 2017-11-25 14:05:37
Shares in RYB Education plunged 38 percent on the New York Stock Exchange early on Friday, almost wiping out most of the 44 percent rise in the Chinese company’s stock since its IPO in September. In a statement before its shares opened trade on Friday, RYB said it was planning a 50 million US-dollar share buy-back program. Rosen Law Firm, which specializes in global investor rights, says it is investigating potential securities claims on behalf of investors in RYB Education Inc. The firm says the investigation stems from allegations that RYB misled its investors.