LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of ChinaCache International Holdings Ltd. (“ChinaCache” or the “Company”) (NASDAQ: CCIH) investors concerning the Company and its officers’ possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com.
On April 29, 2019, the Company disclosed that it could not timely file its 2018 annual report “because U.S. GAAP audited financial statements of the [Company] are not yet available.”
Then, on May 17, 2019, the Company revealed that both the Company and its CEO were under criminal investigation in Beijing for bribery and that the CEO had resigned.
On this news, the Company’s share price fell $0.22, or nearly 20%, to close at $0.88 on May 17, 2019, thereby injuring investors.
Then, on May 23, 2019, the Company announced that it had received a NASDAQ Notification Letter regarding the Company’s inability to comply with NASDAQ listing requirements as a result of the delay in filing of its 2018 20-F, along with questions about the ongoing investigation into enterprise bribery as well as recent changes to the Company’s independent registered public accounting firm.
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, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.