PR Newswire
NEW YORK, Aug. 14, 2023
NEW YORK, Aug. 14, 2023 /PRNewswire/ -- Attention GDS Holdings Limited ("GDS Holdings") (NASDAQ: GDS) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between April 12, 2021 and April 3, 2023.
If you suffered a loss on your investment in GDS Holdings, contact us about potential recovery by using the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/gds-holdings-class-action-submission-form?prid=43365&wire=4
ABOUT THE ACTION: The class action against GDS Holdings includes allegations that the Company made 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
Aggrieved GDS Holdings investors only have until August 21, 2023 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: [email protected]
View original content:https://www.prnewswire.com/news-releases/class-action-alert-the-law-offices-of-vincent-wong-remind-gds-holdings-investors-of-a-lead-plaintiff-deadline-of-august-21-2023-301899143.html
SOURCE The Law Offices of Vincent Wong
