NEW YORK, Aug. 1, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of GDS Holdings Limited ("GDS" or the "Company") (NASDAQ: GDS). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/gds.
The investigation concerns whether GDS and certain of its officers and/or directors have violated federal securities laws.
On July 31, 2018, Blue Orca Capital published an article stating 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 article continued to say that Blue Orca Capital exposed 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 news, GDS stock dropped during intraday trading on July 31, 2018.
If you are aware of any facts relating to this investigation, or purchased GDS shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/gds. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.