Shares in Yirendai, the first peer-to-peer lender from China to list at the New York Stock Exchange, plunged by 10% overnight as shareholder lawsuits against the company continued to pile up for an alleged failure to disclose risk. Yirendai’s stock, which trade as depositary receipts, fell by 10% yesterday to $24.09. [...]
via Forbes - Business
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September 2016
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