GDS HOLDINGS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates GDS Holdings Limited for Possible Securities Fraud - (GDS)
GDS Holdings Limited - American Depositary Shares (GDS)
Last gds holdings limited - american depositary shares earnings: 3/19 08:28 am
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Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)-- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into GDS Holdings Limited (NasdaqGM: GDS). On July 31, 2018, a report published by Blue Orca Capital alleged that “GDS is borrowing crippling amounts of debt to enrich insiders by acquiring data centers from undisclosed related parties which are not nearly as valuable as the Company claims. We believe that since becoming a public Company, GDS has borrowed recklessly to siphon off at least RMB 696 million to insiders by inflating the purchase price of undisclosed related party acquisitions.” Further, the report stated that Blue Orca had uncovered evidence of “unrelated data center operators selling a substantial amount of empty cabinet space in a building which is supposedly exclusively operated and 9
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GDS
News
- GDS to Report First Quarter 2024 Financial Results Before the Open of the U.S. Market on May 22, 2024GlobeNewswire
- Returns On Capital At GDS Holdings (NASDAQ:GDS) Have Stalled [Yahoo! Finance]Yahoo! Finance
- GDS Files 2023 Annual Report on Form 20-FGlobeNewswire
- Billionaire Lei Zhang's Hillhouse, Others Buy Stake In GDS Data Centers Outside China For $587 Million [Forbes]Forbes
- GDS Holdings Limited (NASDAQ:GDS) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
GDS
Earnings
- 3/26/24 - Miss
GDS
Analyst Actions
- 3/28/24 - JP Morgan
GDS
Sec Filings
- 5/8/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/29/24 - Form 20-F
- GDS's page on the SEC website