An investigation on behalf of investors of Huazhu Group Limited (NASDAQ: HTHT) shares over potential securities laws violations by Huazhu Group Limited and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Huazhu Group Limited (NASDAQ: HTHT) concerning whether a series of statements by Huazhu Group Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based Huazhu Group Limited, together with its subsidiaries, develops and operates leased and owned, manachised, and franchised hotels primarily in the People's Republic of China

Huazhu Group Limited reported that its annual Total Revenue rose from over 6.53 billion CNY in 2016 to over 8.17 billion CNY in 2017 and that its Net Incoem increased from 804 million CNY in 2016 to over 1.23 billion CNY in 2017.

Shares of Huazhu Group Limited (NASDAQ: HTHT) reached as high as $49.60 per share in June 2018.

Then on August 29, 2018, media outlets reported that Shanghai police had been alerted to a possible client data breach at Huazhu Group Limited, stating that nearly 500 million pieces of customer-related information, including registration information, personal data, and booking records, had emerged in an online post.

Shares of Shares of Huazhu Group Limited (NASDAQ: HTHT) declined to as low as $30.51 per share on Setpember 7, 2018.