Billionaire Lei Zhang's Hillhouse, Others Buy Stake In GDS Data Centers Outside China For $587 Million [Forbes]
GDS Holdings Limited - American Depositary Shares (GDS)
Last gds holdings limited - american depositary shares earnings: 3/19 08:28 am
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Source: Forbes
Billionaire Lei Zhang 's Hillhouse Investment, Boyu Capital and other investors have agreed to buy a 44% stake in GDS Holdings' data center assets outside mainland China for $587 million. Shanghai-based GDS Holdings will retain a 56% stake in Singapore-based GDS International after the transaction is completed, the company said in a statement this week. The rest of the company will be owned by investors in the series A convertible preferred shares including Boyu Hillhouse, Princeville Capital, Rava Partners and Tekne Capital. The transaction—which gives GDS International an enterprise value of $2.3 billion, including forecast debt for this year—comes as companies step up the development of data centers across Asia to meet surging demand from cloud service giants such as Amazon and Google. GDS International has 330 megawatts of data center capacity in operation or under construction, with a further 340 MW held for future development across Hong Kong, Singapore, Malaysia, and Ind
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GDS
News
- GDS Holdings Limited (NASDAQ:GDS) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- GDS Holdings Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Why GDS Holdings Stock Is Plummeting Today [Yahoo! Finance]Yahoo! Finance
- GDS raises $587M equity, appoints new CEO for GDSI [Seeking Alpha]Seeking Alpha
- GDS Appoints Jamie Khoo As CEO of GDS International [Yahoo! Finance]Yahoo! Finance
GDS
Earnings
- 3/26/24 - Miss
GDS
Analyst Actions
- 3/28/24 - JP Morgan
GDS
Sec Filings
- 3/28/24 - Form 6-K
- 3/26/24 - Form 6-K
- 3/26/24 - Form 6-K
- GDS's page on the SEC website