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Stock impact report

WeissLaw LLP: GDS Holdings Limited is the Subject of a Legal Investigation

GDS Holdings Limited - American Depositary Shares (GDS) 
Last gds holdings limited - american depositary shares earnings: 3/19 08:28 am Check Earnings Report
US:NASDAQ Investor Relations: expworldholdings.com
Company Research Source: PR Newswire
NEW YORK, Aug. 16, 2018 /PRNewswire/ -- WeissLaw LLP, a national class action, shareholder rights law firm with offices in New York, Los Angeles, and Atlanta, announces an investigation of GDS Holdings Limited (the "Company" or "GDS") (NASDAQ: GDS), its Board of Directors, and certain Company officers, for among other things, possible breaches of fiduciary duty and violations of federal securities laws. On July 31, 2018, following a report published by Blue Orca Capital, GDS shares nosedived $15.48, or 41.15%, to close at $21.83, its lowest closing price since the beginning of the year.  According to Blue Orca Capital, GDS has been engaging in a scheme to "enrich insiders by acquiring data centers . . . which are not nearly as valuable as the Company claims."  It further alleges that GDS has illegally funneled hundreds of millions of dollars of recklessly borrowed money to insiders.  Blue Orca Capital reports that, through its investigation, it has found evidence which "indicates that Show less Read more
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