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GDS Holdings Ltd. ( (HK:9698) ) has shared an update.
GDS Holdings Limited has issued an updated notice for an extraordinary general meeting to be held on 24 February 2026 in Shanghai, revising a prior meeting notice to reflect the recent issuance of Series B convertible preferred shares. The key proposal seeks shareholder approval to increase the voting power of Class B ordinary shares held by founder and CEO William Wei Huang from 20 votes per share to 50 votes per share, thereby strengthening Chinese national control over the election of a majority of the board. The board argues that this change is needed because major customers, particularly in regulated sectors such as finance and internet platforms, have indicated they will only procure or renew certain sensitive data center services with providers demonstrably controlled by Chinese nationals or entities, making enhanced domestic control a strategic move to maintain regulatory compliance alignment and protect key customer relationships.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$49.00 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 doing business in Hong Kong as GDS WanGuo Holdings Limited. The company provides data center services to a broad range of institutional customers in mainland China, including major financial institutions and internet platform companies that are subject to stringent and evolving regulations on data security, cybersecurity and personal information protection. Its American depositary shares are listed on the Nasdaq Global Market, and it operates under a weighted voting rights structure that concentrates control with its founder and CEO, William Wei Huang.
Average Trading Volume: 5,416,253
Technical Sentiment Signal: Buy
Current Market Cap: HK$70.33B
For a thorough assessment of 9698 stock, go to TipRanks’ Stock Analysis page.