AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
Related topics
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

The Law Offices of Frank R. Cruz Continues Investigation of Kanzhun Limited (BZ) on Behalf of Investors

July 12, 2021 GMT

LOS ANGELES--(BUSINESS WIRE)--Jul 12, 2021--

The Law Offices of Frank R. Cruz continues its investigation of Kanzhun Limited (“Kanzhun” or the “Company”) (NASDAQ: BZ ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

ADVERTISEMENT

In June 2021, Kanzhun sold about 48 million American Depositary Shares (“ADSs” or “shares”) in its initial public offering (the “IPO”) for $19 per share, raising nearly $912 million in new capital.

On July 5, 2021, Kanzhun announced that the Company was subject to a review by the Cyberspace Administration of China and that, during the review period, Kanzhun’s “‘BOSS Zhipin’ app is required to suspend new user registration in China.”

On this news, the Company’s ADS price fell as much as 17% during intraday trading on July 6, 2021, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

ADVERTISEMENT

If you purchased Kanzhun 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210712005285/en/

CONTACT: The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com 

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Law Offices of Frank R. Cruz

Copyright Business Wire 2021.

PUB: 07/12/2021 10:45 AM/DISC: 07/12/2021 10:46 AM

http://www.businesswire.com/news/home/20210712005285/en