GDS Holdings Limited
|Company Name||GDS Holdings Limited|
On July 31, 2018, Blue Orca Capital published 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.” On this news, the Company’s share price fell $12.92, or more than 37%, to close at $21.83 per share on July 31, 2018, thereby injuring investors.
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