Skyworth Group Ltd
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Based in Hong Kong
Company profile

Skyworth Group Limited, formerly Skyworth Digital Holdings Limited is an investment holding company. The Company is principally engaged in the manufacture and sale of consumer electronic products and upstream accessories, property holding and property holding. The Company operates in six segments: television (TV) products, TV products, digital set-top boxes, liquid crystal display (LCD) modules, white appliances and property holding. Its two TV products segments are engaged in the design, manufacture and sale of televisions for the People's Republic of China (PRC) market and overseas markets. Its digital set-top boxes segment, liquid crystal display (LCD) modules segment and white appliances segment are engaged in the design, manufacture and sale of digital set-top boxes, LCD modules and white appliances, including refrigerators, washing machines and others. Its property holding segment engages in the leasing of properties.

This security is an American depositary receipt
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Closing Price
$16.30
Day's Change
0.00 (0.00%)
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Volume
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HYRE ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of October 26, 2021 in the Class Action Filed on Behalf of HyreCar Inc. Limited Shareholders

8:57 pm ET October 12, 2021 (Newsfile) Print

New York, New York--(Newsfile Corp. - October 12, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of HyreCar Inc. (NASDAQ: HYRE) alleging that the Company violated federal securities laws.

Class Period: May 14, 2021 and August 10, 2021

Lead Plaintiff Deadline: October 26, 2021

No obligation or cost to you.

Learn more about your recoverable losses in HYRE:

https://www.kleinstocklaw.com/pslra-1/hyrecar-inc-loss-submission-form?id=20374&from=5

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7092/99471_207737_logo.jpg

HyreCar Inc. NEWS - HYRE NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that HyreCar Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) HyreCar had materially understated its insurance reserves; (b) HyreCar had systematically failed to pay valid insurance claims incurred prior to the Class Period; (c) HyreCar had incurred significant expenses transitioning to its new third-party insurance claims administrator and processing claims incurred from prior periods; (d) HyreCar had failed to appropriately price risk in its insurance products and was experiencing elevated claims incidence as a result; (e) HyreCar had been forced to dramatically reform its claims underwriting, policies and procedures in response to unacceptably high claims severity and customer complaints; and (f) as a result, HyreCar's operations and prospects were misrepresented because the Company was not on track to meet the financial estimates provided to investors during the Class Period, and such estimates lacked a reasonable basis in fact, including HyreCar's purported gross margin, EBITDA (earnings before interest, taxes, depreciation, and amortization), and net loss trajectories.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in HyreCar you have until October 26, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased HyreCar securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the HYRE lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link.

ABOUT KLEIN LAW FIRM

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

J. Klein, Esq.

Empire State Building

350 Fifth Avenue

59th Floor

New York, NY 10118

jk@kleinstocklaw.com

Telephone: (212) 616-4899

Fax: (347) 558-9665

www.kleinstocklaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99471

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COMTEX_395059112/2523/2021-10-12T20:57:01

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