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NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD

(NISN)
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Law Offices of Howard G. Smith Announces Investigation of Hebron Technology Co., Ltd. (HEBT) on Behalf of Investors

06/03/2020 | 03:43pm EDT

Law Offices of Howard G. Smith announces an investigation on behalf of Hebron Technology Co., Ltd. ("Hebron" or the "Company") (NASDAQ: HEBT) investors concerning the Company and its officers’ possible violations of federal securities laws.

On June 3, 2020, Grizzly Research presented a report alleging that Hebron is an "insider enrichment scheme without economic basis," citing questionable transactions including an undisclosed related party transaction for nearly $26 million.

On this news, the Company's stock price fell as much as $7.29, or 33%, during intraday trading on June 3, 2020.

If you purchased Hebron 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2020
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Financials (USD)
Sales 2020 42,2 M - -
Net income 2020 -13,1 M - -
Net cash 2020 14,9 M - -
P/E ratio 2020 -25,9x
Yield 2020 -
Capitalization 231 M 231 M -
EV / Sales 2019 36,5x
EV / Sales 2020 7,25x
Nbr of Employees 736
Free-Float 33,7%
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Managers and Directors
NameTitle
Xiao Yun Huang Chairman & Chief Executive Officer
Changjuan Liang Chief Financial Officer
Xiao Liang Xue Chief Technical Officer
Xue Song Liu Independent Director
Hua Zhang Independent Director
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