GDS Holdings Limited Announces ADS Offering to Bolster Market Position

An update from GDS Holdings Ltd. ( (HK:9698) ) is now available.

GDS Holdings Limited announced an overseas regulatory announcement regarding its offering of American Depositary Shares (ADSs). The company is conducting a delta placement of 6,000,000 borrowed ADSs and a concurrent primary offering of 5,200,000 ADSs. This move is part of their strategy to raise capital and strengthen their market position, potentially impacting stakeholders by altering the shareholding structure and increasing the company’s financial resources.

The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.

More about GDS Holdings Ltd.

GDS Holdings Limited is a company incorporated in the Cayman Islands, operating in Hong Kong as GDS WanGuo Holdings Limited. It is listed on the Nasdaq Global Market under the symbol GDS and is involved in the technology and data center industry. The company is controlled through a weighted voting rights structure, which allows significant influence by certain stakeholders over shareholder resolutions.

Average Trading Volume: 10,255,779

Technical Sentiment Signal: Buy

Current Market Cap: HK$42.77B

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