SAN DIEGO, CA / ACCESSWIRE / August 21, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who purchased NYSE:ZTO shares against ZTO Express (Cayman) Inc. over alleged Securities Laws Violations in connection with the Company?s October 27, 2016 initial public offering ("IPO").

Investors who purchased shares of ZTO Express (Cayman) Inc. (ADR) (NYSE: ZTO) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On October 27, 2016, ZTO Express (Cayman) Inc. conducted a public offering of 72,100,000 American Depository Shares ("ADSs") at a price of $19.50 per share

On August 15, 2017, a lawsuit was filed against ZTO Express (Cayman) Inc. over alleged securities laws violations. The plaintiff claims that the IPO Registration Statement and Prospectus contained allegedly materially false and misleading information, and failed to disclose that that ZTO Express (Cayman) Inc. was improperly inflating its stated profit margins by keeping certain low-margin segments of its business out of its financial statements.

The plaintiff alleges that ZTO Express (Cayman) Inc. failed to disclose that it used a system of "network partners" to handle lower-margin pickup and delivery services, while maintaining ownership of core hub operations. By keeping the "network partners" businesses off its own books, the Company allegedly was able to exaggerate its profit margins to investors.

Those who purchased ZTO Express (Cayman) Inc. (ADR) (NYSE: ZTO) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.