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-0.00048332527791211 -0.0232914451425809 -0.069115514741421 -0.0236781053649105 0.0362880618656355 0.055099081681972 0.055099081681972 0.055099081681972
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GDS Holdings Limited (GDS) Investigated by Block & Leviton LLP For Violations of Federal Securities Laws

GOODS HOLDINGS LTD ADS (GDS)  More Company Research Source: PR Newswire
Last goods holdings ltd ads earnings: 8/14 07:01 am Check Earnings Report
US:NASDAQ Investor Relations: expworldholdings.com
PDF BOSTON, July 31, 2018 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether GDS Holdings Limited ("GDS" or the "Company") (NASDAQ: GDS) and certain of its officers and directors violated federal securities laws.On July 31, 2018, Blue Orca Capital released a report alleging 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." The report also indicated evidence of "unrelated data center operators selling a substantial amount of empty cabinet space in a building which is supposedly exclusively operated and 94% utilized by GDS." Following this report, the Company's shares [Read more]

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