SHANGHAI, China, Sept. 22, 2020 (GLOBE NEWSWIRE) — GDS Holdings Restricted (“GDS Holdings”, “GDS” or the “Corporate”) (NASDAQ: GDS), a number one developer and operator of high-performance knowledge facilities in China, lately introduced that it has prolonged a legally-binding be offering to obtain 100% of the fairness pursuits in goal firms which personal a significant knowledge middle within the Shunyi district of Beijing (“BJ14”) (the “Acquisition”). The objective firms are owned by way of a personal fairness fund managed by way of CITIC Personal Fairness Budget Control Co., Restricted (“CPE”), a number one choice asset supervisor in China, and its affiliated events. The be offering has been permitted, with exclusivity phrases agreed by way of each events. The full endeavor worth of the Acquisition is roughly RMB3.eight billion, with an additional RMB500 million contingent at the acquisition by way of the objective firms of the valuables pursuits within the website online.
BJ14 is without doubt one of the greatest and easiest high quality knowledge middle belongings within the Beijing marketplace. It’s situated adjoining to the Corporate’s Beijing five knowledge middle and eight kilometers from its knowledge middle campus created from Beijing 10, 11, and 12, forming a cluster within the Shunyi District of Beijing which will generate important operation synergies. BJ14 has a internet flooring space of over 19,000 square. It’s totally dedicated by way of 5 hyperscale consumers, together with a brand new extensive web buyer emblem. BJ14 is totally operational and is these days roughly 68% applied. It’s anticipated to be totally used in 2022.
This transaction is topic to access into definitive agreements in addition to the crowning glory of positive stipulations precedent to the final of the transaction. We can not guarantee you that any definitive settlement will likely be signed or, if such definitive settlement is signed, that the stipulations precedent to the final of the transaction will likely be happy, by which case the proposed transaction may not be consummated.
“We’re very excited to additional enlarge and make stronger our place in Beijing with this acquisition,” mentioned Mr. William Huang, Chairman and Leader Government Officer. “BJ14 is a unprecedented alternative in city Beijing with large-scale and top quality capability and top notch buyer profile. Shunyi District is a extremely sought-after location by way of main web firms and residential to increasingly more world-renowned hyperscalers. We will be able to proceed to pursue such acquisition alternatives with strategic worth in a disciplined means, and additional enlarge our marketplace percentage.”
About GDS Holdings Restricted
GDS Holdings Restricted (Nasdaq: GDS) is a number one developer and operator of high-performance knowledge facilities in China. The Corporate’s amenities are strategically situated in China’s number one financial hubs the place call for for high-performance knowledge middle facilities is targeted. The Corporate additionally builds-to-suit and operates knowledge facilities at lower-tier places decided on by way of its consumers to be able to satisfy their broader necessities. The Corporate’s knowledge facilities have extensive internet flooring space, excessive energy capability, density and potency, and more than one redundancy throughout all vital techniques. GDS is provider and cloud-neutral, which permits its consumers to get admission to all of the main PRC telecommunications networks, in addition to the biggest PRC and world public clouds which might be hosted in a lot of its amenities. The Corporate provides colocation and controlled facilities, together with direct non-public connection to main public clouds, an cutting edge carrier platform for managing hybrid clouds and, the place required, the resale of public cloud facilities. The Corporate has a 19-year observe document of carrier supply, effectively satisfying the necessities of one of the vital greatest and maximum challenging consumers for outsourced knowledge middle facilities in China. The Corporate’s buyer base is composed predominantly of hyperscale cloud carrier suppliers, extensive web firms, monetary establishments, telecommunications carriers and IT carrier suppliers, and big home non-public sector and multinational companies.
Secure Harbor Commentary
This announcement accommodates forward-looking statements. Those statements are made beneath the “secure harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. Those forward-looking statements may also be known by way of terminology akin to “goal,” “look forward to,” “imagine,” “proceed,” “estimate,” “be expecting,” “long run,” “steerage,” “intend,” “is/are prone to,” “might,” “ongoing,” “plan,” “attainable,” “goal,” “will,” and an identical statements. Amongst different issues, statements that don’t seem to be historic information, together with statements about GDS Holdings’ ideals and expectancies in regards to the expansion of its companies and its earnings for the entire fiscal yr, the industry outlook and quotations from control on this announcement, in addition to GDS Holdings’ strategic and operational plans, are or comprise forward-looking statements. GDS Holdings may additionally make written or oral forward-looking statements in its periodic reviews to the U.S. Securities and Trade Fee (the “SEC”) on Paperwork 20-F and 6-Ok, in its annual report back to shareholders, in press releases and different written fabrics and in oral statements made by way of its officials, administrators or staff to 3rd events. Ahead-looking statements contain inherent dangers and uncertainties. Numerous components may reason GDS Holdings’ precise effects or monetary functionality to vary materially from the ones contained in any forward-looking commentary, together with however no longer restricted to the next: GDS Holdings’ objectives and methods; GDS Holdings’ long run industry building, monetary situation and result of operations; the anticipated expansion of the marketplace for high-performance knowledge facilities, knowledge middle answers and comparable facilities in China; GDS Holdings’ expectancies relating to call for for and marketplace acceptance of its high-performance knowledge facilities, knowledge middle answers and comparable facilities; GDS Holdings’ expectancies relating to development, strengthening and keeping up its relationships with new and current consumers; the continuing adoption of cloud computing and cloud carrier suppliers in China; dangers and uncertainties related to larger investments in GDS Holdings’ industry and new knowledge middle tasks; dangers and uncertainties related to strategic acquisitions and investments; GDS Holdings’ skill to handle or develop its earnings or industry; fluctuations in GDS Holdings’ working effects; adjustments in regulations, laws and regulatory atmosphere that impact GDS Holdings’ industry operations; pageant in GDS Holdings’ trade in China; safety breaches; energy outages; and fluctuations basically financial and industry stipulations in China and globally, the affect of COVID-19 outbreak, and assumptions underlying or associated with any of the foregoing. Additional knowledge relating to those and different dangers, uncertainties or components is integrated within the GDS Holdings’ filings with the SEC, together with its annual file on shape 20-F. All knowledge equipped on this press liberate is as of the date of this press liberate and are in keeping with assumptions that GDS Holdings believes to be affordable as of such date, and GDS Holdings does no longer adopt any legal responsibility to replace any forward-looking commentary, except for as required beneath acceptable legislation.
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GDS Holdings Restricted
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GDS Holdings Restricted