Hillhouse, STT GDC To Invest In GDS Holdings - Quick Facts

By RTTNews Staff Writer ✉ | Published: 6/22/2020 9:38 AM ET

GDS Holdings Limited (GDS) announced that two long-term investors, Hillhouse Capital and ST Telemedia Global Data Centres, have agreed to purchase, through a private placement, a total of $505 million of newly issued class A ordinary shares of the company at a price equivalent to $65 per ADS. Following the equity investment, Hillhouse's ownership position in GDS will be approximately 3.9% and ST Telemedia will be approximately 34.2%. The company anticipates to close the deal in the next few days.

GDS will use the proceeds from the investment for its organic data center development, potential acquisition opportunities, and other general corporate purposes.

For comments and feedback contact: editorial@rttnews.com

Business News

Biotech Stocks Facing FDA Decision In April 2023

Biotech Stocks Facing FDA Decision In March 2023

Biotech Stocks Facing FDA Decision In February 2023

Editors Pick

Ford Raises Price Of F-150 Lightning Electric Pickup Again

Ford Motor Co. has once again raised the price of its popular F-150 Lightning electric pickup truck after the automaker resumed its production that was halted following electric vehicle battery fire incident. The company will also resume shipments of the Lightning this week, reports said.

Higdon Outdoors Recalls Battery Packs, Replacement Batteries

Paducah, Kentucky-based Higdon Outdoors LLC is recalling certain battery packs and replacement batteries citing fire and/or burn hazards, the U.S. Consumer Product Safety Commission said. The recall includes lithium-ion battery packs and replacement batteries on XS Series Pulsators, Swimmers, Crazy Kicker, and Flasher motion decoys used for waterfowl hunting.

Delta Enterprise Recalls 2-in-1 Outdoor Kids Swings Sold At Walmart

New York-based Delta Enterprise Corp. is recalling about 43,380 units of 2-in-1 outdoor kids swings citing fall hazard, the U.S. Consumer Product Safety Commission said. This recall involves 2-in-1 Outdoor Kids Swing with model numbers SW86508MM, SW86516MN, SW86575MM, SW86576MN and SW86577PW.