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Blue Orca Shorts GDS Holdings

Blue Orca Capital published it's latest short today, a call against GDS Holdings, a US-listed developer of data centres in China. "Our research indicates that in reality, 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" stated Blue Orca in the release. "We have also discovered evidence of unrelated data center operators selling a substantial amount of empty cabinet space in a building which is supposedly exclusively operated and 94% utilized by GDS.  In our opinion, this indicates that GDS is inflating...