We are investigating ChinaCache International Holdings Ltd. (CCIH) (“ChinaCache” or the “Company”) for potential violations of the federal securities laws.
On April 29, 2019, ChinaCache filed a Form NT 20-F with the U.S. Securities and Exchange Commission revealing that it would delay filing its annual report for the 2018 fiscal year. On May 17, 2019, ChinaCache announced that the Company and its Chief Executive Officer (“CEO”) and Chairman of the Board of Directors, Song Wang, were under criminal investigation by a government prosecutor office in Beijing for charges of enterprise bribery. Wang resigned as CEO and Chairman, and on that same day, ChinaCache securities were halted from trading on the NASDAQ. On May 23, 2019, ChinaCache disclosed receipt of a NASDAQ Notification Letter concerning the Company’s failure to comply with NASDAQ listing requirements by delaying its 2018 Form NT 20-F (the “NASDAQ Letter”). The NASDAQ Letter also probed the Company regarding the resignation of its auditor, Grant Thornton China, ChinaCache’s engagement of its new independent auditor, and the allegations of enterprise bribery by ChinaCache and Wang.