According to reports, Temasek Holdings is considering selling 20% of its voting rights in GDS Holdings, a new telecommunications media investment
According to a report by Bloomberg, Singapore's Temasek Holdings is considering selling its stake in GDS-SW (09698.HK) (GDS.US) held by ST Telemedia.
The report indicates that ST Telemedia is exploring interest from potential buyers for all of its shares in GDS. The recent rise in GDS's stock price may make it difficult to find buyers for the shares. The report also mentions that ST Telemedia may sell the shares in batches or may decide not to sell them at all, indicating that the discussions are still in the early stages.
According to GDS's latest annual report, ST Telemedia holds nearly 34% of GDS's Class A shares, accounting for about 20% of the total voting rights
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