First High-School Education Group (FHS) Subject Of Investigation

First High-School Education Group (FHS) is being investigated by Silver Law Group regarding possible violations of the federal securities laws.

If you purchased shares of First High-School Education Group (FHS), contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com.

First High-School Education Group is a Chinese company that is the largest operator of private high schools in Western China and the third largest operator in all of China.

Initial Public Offering (IPO)

The company held its initial public offering (IPO) in March, 2021, with the sale of 7.5 million shares at $10 per share. Valuable Capital Limited, TFI Securities, The Benchmark Company, and Futures Limited were joint bookrunners for the offering with Maxim Group LLC, AMTD Global Markets, Boustead Securities LLC, Futu Inc,Fosun Hani Securities Limited, and US Tiger Securities Inc acting as co-managers.

First High-School Education Group Announces Financial Results

On September 28, 2021 the company announced unaudited financial results for the first half of 2021, which included gross profits of $9.6 million (RMB62.3 million), a 3.6% drop from the first half of 2020. The company reported a net loss of $0.6 million (RMB3.8 million), compared to a net income of RMB31.9 million in the same period of 2020.

Adjusted net income for the first half of 2021 was $1.7 million (RMB11.2 million), a drop of almost 65% from the first half of 2020.

News of the financial results caused the stock’s price to close at $3 per share on September, 28, 2021.

Recover First High-School Education Group (FHS) Investment Losses

Silver Law Group is a nationally-recognized law firm representing victims of securities and investment fraud. We represent investors in class action lawsuits against issuers in federal and state court as well as investors in securities arbitration claims against brokerage firms for stockbroker misconduct.

Scott Silver, Silver Law Group’s managing partner, is the chairman of the Securities and Financial Fraud Group of the American Association of Justice. Contact us for a no-cost consultation at ssilver@silverlaw.com or call (800) 975-4345.