Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
11 June 2008Website:
http://www.ftft.comNext earnings report:
21 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Mon, 01 Jul 2024 23:16:58 GMTDividend
Analysts recommendations
Institutional Ownership
FTFT Latest News
NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Future FinTech Group Inc. (NASDAQ: FTFT) on behalf of long-term stockholders following a class action complaint that was filed against Future FinTech on January 16, 2024 with a Class Period from March 10, 2020 to January 11, 2024. Our investigation concerns whether the board of directors of Future FinTech have breached their fiduciary duties to the company.
Future FinTech Group's shares fell as much as 20% in Friday premarket trading after the US Securities and Exchange Commission (SEC) charged CEO Shanchun Huang with manipulative trading and failure to disclose beneficial ownership. The allegations stem from Huang's suspicious activities in the stock market just before assuming the role of CEO in 2020.
Shares of Future FinTech Group FTFT, -3.07% fell after the Securities and Exchange Commission charged Shanchun Huang with allegedly inflating the company's share price just before he took over as chief executive.
What type of business is Future FinTech?
Future FinTech Group Inc., through its subsidiaries, operates online shopping platforms in People's Republic of China. It operates in four segments: Shared Shopping Mall Membership Fee, Fruit Related Products, Sales of Goods, and Others. The company operates Chain Cloud Mall (CCM), a real-name blockchain based e-commerce platform that integrates blockchain and internet technology; and NONOGIRL, a cross-border e-commerce platform. It also engages in coal and aluminum ingots supply chain financing and trading; financial technology service; and cryptocurrency market data and information service businesses, as well as services related to the application and development of blockchain-based technology in financial technology. The company was formerly known as SkyPeople Fruit Juice, Inc. and changed its name to Future FinTech Group Inc. in June 2017. Future FinTech Group Inc. is headquartered in New York, New York.
What sector is Future FinTech in?
Future FinTech is in the Technology sector
What industry is Future FinTech in?
Future FinTech is in the Software Application industry
What country is Future FinTech from?
Future FinTech is headquartered in United States
When did Future FinTech go public?
Future FinTech initial public offering (IPO) was on 11 June 2008
What is Future FinTech website?
https://www.ftft.com
Is Future FinTech in the S&P 500?
No, Future FinTech is not included in the S&P 500 index
Is Future FinTech in the NASDAQ 100?
No, Future FinTech is not included in the NASDAQ 100 index
Is Future FinTech in the Dow Jones?
No, Future FinTech is not included in the Dow Jones index
When does Future FinTech report earnings?
The next expected earnings date for Future FinTech is 21 August 2024