GDS shareholders approve boost to founder’s voting power and new Articles
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GDS Holdings Ltd. shareholders approved amendments to Class B ordinary shares, increasing voting power for founder William Wei Huang from 20 to 50 votes per share. This change, adopted during an extraordinary general meeting, strengthens Huang's control and alters the influence among shareholder classes. The new Articles of Association were also authorized, enhancing management's ability to guide corporate strategy while highlighting the disparity between economic ownership and voting control for minority investors. The stock currently holds a Buy rating with a price target of HK$49.00.
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