Lawsuit filed for Investors in shares of GDS Holdings Limited (NASDAQ: GDS)

An investor, who purchased shares of GDS Holdings Limited (NASDAQ: GDS), filed a lawsuit over alleged violations of Federal Securities Laws by GDS Holdings Limited in connection with certain allegedly false and misleading statements.

Investors who purchased shares of GDS Holdings Limited (NASDAQ: GDS) have certain options and for certain investors are short and strict deadlines running. Deadline: August 21, 2023. NASDAQ: GDS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

China based GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. GDS Holdings Limited reported that its annual Total Revenue rose from over 7.81 billion CNY in 2021 to over 9.32 billion CNY in 2022, and that its Net Loss increased from over 1.18 billion CNY in 2021 to over 1.45 billion CNY in 2022.

On April 4, 2023, GDS Holdings Limited disclosed that its Chief Executive Officer had entered into pre-paid forward sale contract transactions that may trigger "actual, potential or alleged breaches or early termination of other contracts or agreements" and could potentially "have implications for the purposes of China's national security review regime and anti-monopoly merger filing requirements." GDS Holdings Limited also warned that "[the] occurrence of any of the foregoing may have a material and adverse effect on [its] business development, financial condition and future prospects."

Shares of GDS Holdings Limited (NASDAQ: GDS) declined from over $30 per share in August 2022 to as low as $.966 per share on May 17, 2023.

The plaintiff claims that between April 12, 2021 and April 3, 2023, defendants d made false and/or misleading statements and/or failed to disclose, among other things, that Defendant Huang had engaged in undisclosed pre-paid forward sale contract transactions as early as May 2020, that this presented a risk of Defendant Huang's ownership going below 5% of the Company's outstanding shares, that if Huang's ownership dipped below 5%, it would result in a change of control of the Company which, as the Company admitted, could result in disastrous consequences, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of GDS Holdings Limited (NASDAQ: GDS) 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.

This release was published on openPR.