NEW YORK, NY / ACCESSWIRE / September 27, 2024 / Pomerantz LLP is investigating claims on behalf of investors of VinFast Auto Ltd. ("VinFast" or the "Company") (NASDAQ:VFS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether VinFast and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On September 20, 2024, VinFast issued a press release reporting the Company's financial results for the second quarter of 2024. Among other items, VinFast reported a gross loss of $224 million for the quarter, which the Company attributed primarily to an impairment charge on Net Residual Value of $104 million.
On this news, VinFast's stock price fell $0.30 per share, or 7.58%, to close at $3.66 per share on September 20, 2024.
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SOURCE: Pomerantz LLP