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Class action filed over alleged market manipulation causing 84% stock crash in ChowChow Cloud IPO.

Market News
23 Mar 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

A class action lawsuit has been filed against ChowChow Cloud International Holdings Limited for allegedly concealing a market manipulation scheme that caused its stock to crash 84.3% on December 10, 2025. The lawsuit claims fraudulent promoters used fake identities and misleading materials to inflate the stock price after its September 2025 IPO, which had a very limited share float. Trading was halted twice due to extreme volatility, and the underwriter, US Tiger Securities, had prior regulatory issues. Investors who bought shares between September and December 2025 may seek to recover losses, with the lead plaintiff deadline set for May 12, 2026.

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