Law Offices of Howard G. Smith announces that it is investigating potential claims against Ambow Education Holding Ltd. (“AMBO” or the “Company”) (NYSE:AMBO) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between May 18, 2011 and May 16, 2012, regarding AMBO’s business, operations and financial condition were false and misleading.
AMBO provides educational and career enhancement services in the People’s Republic of China. Specifically, the investigation relates to AMBO’s May 16, 2012, disclosure that the Company was further delaying the filing of its 2011 annual report and expects to change its revenue recognition method with respect to sales to certain distributors. According to the Company, this will lead to the reversal of between US$13.5 million (RMB85 million) and US$15.1 million (RMB95 million) of revenue previously recognized in 2011. On this news, the Company’s shares declined $0.99 per share, or 17.55%, to close on May 16, 2012, at $4.65 per share.
If you purchased AMBO securities between May 18, 2011 and May 16, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.