GDS Holdings Limited (GDS) Announces $1B Equity Raise
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GDS Announces US$1.0 Billion Equity Raise By Its International Affiliate Led By Prestigious New US Investors
October 29, 2024 8:50 AM EDTSINGAPORE, Oct. 29, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited (the Company or GDSH) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, today announced that its international affiliate, DigitalLand Holdings Limited (GDS International or GDSI), which acts as the holding company for GDSHs data center assets and operations outside of mainland China, has entered into definitive agreements for certain institutional private equity investors (the Investors) to subscribe for US$1.0 billion of Series B convertible preferred shares (the Series B) newly issued by GDSI.
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