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EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims against China TechFaith Wireless Communication Technology Limited – CNTF

December 26, 2018

NEW YORK--(BUSINESS WIRE)--Dec 26, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of China TechFaith Wireless Communication Technology Limited (NASDAQ:CNTF) resulting from allegations that China TechFaith may have issued materially misleading business information to the investing public.

On December 20, 2018, before the market opened, China TechFaith reported that in connection with its sale of a subsidiary, China TechFaith had recognized “an impairment loss of US$62.2 million under net loss from discontinued operations for the first half period ended on June 30, 2018.” On this news, the price of China TechFaith securities fell $0.59 per share or more than 35% to close at $1.07 per share on December 20, 2018, thereby injuring investors.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by China TechFaith investors. If you purchased China TechFaith securities, please visit the firm’s website at https://www.rosenlegal.com/cases-1483.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181226005147/en/

CONTACT: Laurence Rosen, Esq.

Phillip Kim, Esq.

Zachary Halper, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 34thFloor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

zhalper@rosenlegal.com

www.rosenlegal.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Rosen Law Firm

Copyright Business Wire 2018.

PUB: 12/26/2018 04:39 PM/DISC: 12/26/2018 04:39 PM

http://www.businesswire.com/news/home/20181226005147/en

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