WeTrade Group Says Zheng Dai, Pijun Liu & Some Individuals Caused To File Forms 8-K Dated Sept 28, & Oct 10 In Which They Purported To Appoint New Officers & Directors; Filings Dated Sept 28 And Oct 10 Were "False" And Should Be Disregarded
Portfolio Pulse from Benzinga Newsdesk
WeTrade Group has stated in an SEC filing that Zheng Dai, Pijun Liu, and some individuals were responsible for filing Forms 8-K on Sept 28 and Oct 10, which falsely claimed to appoint new officers and directors. The company has declared these filings to be 'false' and advises that they should be disregarded.
November 13, 2023 | 8:44 pm
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WeTrade Group's SEC filing indicates false information was submitted regarding the appointment of new officers and directors, which may affect investor trust and stock stability.
The news about false filings can undermine investor confidence in WeTrade Group's corporate governance and transparency, potentially leading to a negative impact on the stock price in the short term as the market reacts to concerns about the integrity of the company's management and reporting.
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