Press release
Investigation announced for Investors in Chindata Group Holdings Limited (NASDAQ: CD) over potential Wrongdoing
An investigation on behalf of investors in Chindata Group Holdings Limited (NASDAQ: CD) shares over potential wrongdoing.
Investors who purchased shares of Chindata Group Holdings Limited (NASDAQ: CD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Chindata Group Holdings directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, and Southeast Asia.
Chindata Group Holdings Limited reported that its annual Total Revenue rose from 853.01 million CNY in 2019 to over 1.83 billion CNY in 2020, and that its Net Loss increased from $174.44 million in 2019 to $283.34 million in 2020.
On December 3, 2021, Chindata Group Holdings Limited issued a press release "announc[ing] its Chief Executive Officer ("CEO"), Mr. Jing Ju, effective immediately, would no longer serve in the CEO position, or member of the Company's Compensation Committee and the Corporate Governance and Nominating Committee" and that "Mr. Fei Xu will serve as the interim CEO, while the search for a permanent CEO will commence immediately."
Shares of Chindata Group Holdings Limited (NASDAQ: CD) declined from $10.61 per share on November 12, 2021 to as low as $5.40 per share on December 3, 2021, respectively $4.86 per share on January 20, 2022.
Those who purchased shares of Chindata Group Holdings Limited (NASDAQ: CD) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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