Beijing child abuse sandal: RYB shares plunge nearly 40% in early New York trade

Shares in RYB Education plunged 38 percent on the New York Stock Exchange early on Friday, almost wiping out most of the 44 percent rise in the Chinese company's stock since its IPO in September. In a statement before its shares opened trade on Friday, RYB said it was planning a 50 million US-dollar share buy-back program. Rosen Law Firm, which specializes in global investor rights, says it is investigating potential securities claims on behalf of investors in RYB Education Inc. The firm says the investigation stems from allegations that RYB misled its investors. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvn... Download our APP on Google Play (Android): https://play.google.com/store/apps/de... Follow us on: Facebook:   / chinaglobaltvnetwork   Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter:   / cgtnofficial   Pinterest:   / cgtnofficial   Tumblr:   / cctvnews   Weibo: http://weibo.com/cctvnewsbeijing