SAN DIEGO, Oct. 2, 2021 /PRNewswire/ — Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Höegh LNG Partners LP («Höegh» or the «Company») (NYSE: HMLP).
On July 27, 2021, Höegh announced that it had reduced its quarterly common unit distribution by 98% to preserve cash to address near-term refinancing issues., Höegh disclosed the termination of the Company’s refinancing plans for its FSRU facility off the coast of Indonesia after the charterer of the vessel challenged the Company’s new credit facility and the charter agreement with Höegh.
Following this news, Höegh’s stock price plummeted approximately 65%.
If you have information that could assist in this investigation, including past employees and others, or a Höegh shareholder and are interested in learning more about the investigation, please contact Jim Baker (email@example.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
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SOURCE Johnson Fistel, LLP