NEW
YORK, Aug. 9, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of GDS Holdings
Limited.
Shareholders who purchased shares of GDS during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/gds-holdings-loss-submission-form/?id=43150&from=4
CLASS PERIOD: April 12,
2021 to April 3, 2023
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (1) Defendant
and GDS CEO William Wei had engaged
in undisclosed pre-paid forward sale contract transactions as early
as May 2020; (2) this presented a
risk of Defendant Huang's ownership going below 5% of the Company's
outstanding shares; (3) 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 (4)
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.
DEADLINE: August 21, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/gds-holdings-loss-submission-form/?id=43150&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of GDS during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is August 21, 2023. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm