Another law firm in the United States to follow the investigation of Poly Beauty

Absrtact: December 11, the U.S. law firm Glancy Binkow Goldberg LLP announced in Wednesday that the company is on behalf of the Poly (NYSE Securities Code: JMEI) Investors ' interests, the company is in violation of the federal securities regulations of the investigation. The law firm's

December 11, the U.S. law firm Glancy Binkow & Goldberg LLP announced in Wednesday that the company is on behalf of the United States (NYSE Securities Code: JMEI) Investors ' interests, the company is in violation of the federal securities regulations of the investigation. The law firm's investigation focuses on the business and financial performance and expectations of the company.

Poly-Mei is a Chinese mainland cosmetics online retailer. A survey of the Glancy Binkow & Goldberg LLP is related to the company's third-quarter unaudited earnings release on September 19, 2014. The company released its third-quarter earnings as of September 30, 2014, which disappointed the market. According to earnings, the total sales of poly-Mei products rose by only 31.4% in the year to $273 million, the slowest-growing quarter recorded for the company.

In addition, the percentage of total net turnover of the gross profit of the poly-Mei excellent product fell to 22%, lower than that of 25.9% in the same period last year. "This is mainly due to the increase in promotional activities, resulting in relatively higher price discounts, as well as the expansion of beauty products sales to commodity sales, resulting in higher value-added tax," the article explained. "After the initial public offering in May this year, the company's shares have hit a 39.45-dollar high, but the shares have fallen to $15.08 by December 9, 2014."

In Tuesday, the US shareholder equity law firm, Johnson & WEAVER.LLP, announced in Tuesday that the company was investigating whether the United States and some of its executives violated U.S. federal securities laws. The Johnson & Weaver survey aimed to determine whether the company's business, prospects and suppliers ' statements were false and misleading.

In Wednesday, Poly-Mei shares fell 0.26 U.S. dollars in conventional trading in the NYSE, down 1.72% per cent in the previous session and at $14.82. In the past 52 weeks, the lowest share price for the United States is 14.40 U.S. dollars, the highest share price of 39.45 U.S. dollars. The company's share price was as low as $14.40 in Wednesday, a record low since its IPO.