LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that it is investigating potential claims on behalf of investors of ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq: CCIH). The investigation concerns whether the Company issued false and misleading statements to investors concerning ChinaCache’s financial performances in light of a platform migration that caused a severe setback in the Company’s revenues. Investors who have lost on their investment are encouraged to contact GPM at 310-201-9150.
On August 20, 2015, the Company announced less than satisfactory second quarter 2015 financial results. The Company disclosed that “platform issues” impacted the Company’s top-line, but assured investors that the Company would “work very hard to achieve meaningful improvements.”
On this news, the Company’s stock fell $2.92, or almost 35%, to close at $5.59 on August 21, 2015 thereby injuring investors.
If you purchased ChinaCache securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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