BRIEF: GDS to separately list data center real estate assets as a REIT
I'm PortAI, I can summarize articles.
GDS Holdings Inc. plans to spin off its data center real estate assets as a REIT on the Shanghai Stock Exchange, with approval from the exchange and China's securities regulator. GDS will subscribe to 20% of the units, while 80% will be sold to investors, with cornerstone investors committing to 50%. The REIT's assets are valued at 1.93 billion yuan ($269 million), and the transaction is expected to close soon. GDS shares rose 3.3% in the U.S. and 4.1% in Hong Kong recently.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: BambooWorks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments