Data centre firm GDS's figures don’t stack up: short seller

Temasek-backed GDS is taking advantage of blind euphoria over data centres' growth prospects, Blue Orca says. GDS hits back. Whether the claims are true or not investors should take a more critical look at serial capital-raisers using lofty valuations to make acquisitions.

Data centre firm GDS's figures don’t stack up: short seller

Activist investment fund Blue Orca Capital says Nasdaq-listed developer and operator of data centres, GDS Holdings, is another Chinese company whose financial accounts do not add up. 

If the Texas-based short-seller's allegations prove to be true it will be painful for GDS's equity investors and creditors, which include Singaporean state fund Temasek.

It could also mean egg on the face for early investors in GDS including the International Finance Corp...

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