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GDS Holdings Ltd. ( (HK:9698) ) just unveiled an announcement.
GDS Holdings Limited has entered into a US$300 million private placement of Series B convertible preferred shares with Huatai Capital Investment Limited, a Chinese institutional investor, to fund data center capacity expansion and for general corporate purposes. The securities carry a step-up minimum dividend structure starting at 3.75% per annum for six years and rising thereafter, and are convertible into Class A ordinary shares at a premium to recent market prices, implying potential dilution of about 2.62% of current outstanding shares upon full conversion. The terms grant the holder voting rights equivalent to the underlying Class A shares, deferred convertibility until at least March 2027, and a series of issuer call and investor put features, including redemption and repurchase options tied to share price performance and fundamental change events, shaping both the future capital structure and governance dynamics for existing shareholders.
The most recent analyst rating on (HK:9698) stock is a Hold with a HK$45.00 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 Cayman Islands–incorporated data center operator, carrying on business in Hong Kong as GDS WanGuo Holdings Limited. The company focuses on developing and operating high-performance data centers serving enterprise and cloud customers, with its shares listed in Hong Kong and its American depositary shares trading on the Nasdaq Global Market under the symbol GDS. It is controlled through a weighted voting rights structure, giving certain shareholders enhanced voting power relative to their economic interest.
Average Trading Volume: 5,350,564
Technical Sentiment Signal: Buy
Current Market Cap: HK$75.95B
For detailed information about 9698 stock, go to TipRanks’ Stock Analysis page.