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GDS Holdings Ltd. ( (HK:9698) ) just unveiled an announcement.
GDS Holdings Limited announced that shareholders at an adjourned extraordinary general meeting on 10 March 2026 approved amendments to the rights of its Class B ordinary shares, substantially increasing the voting power attached to Class B shares held by founder William Wei Huang from 20 votes to 50 votes per share. The company also adopted amended and restated Articles of Association and authorized directors and the company secretary to implement these changes, further entrenching Huang’s control under the weighted voting rights structure and reshaping the balance of influence among different shareholder classes.
Holders of Class A ordinary shares, Series A preferred shares, Series B preferred shares, and Class B ordinary shares each held separate adjourned meetings and passed corresponding special resolutions endorsing the same increase in Class B voting power and the new Articles. The coordinated approvals across all share classes consolidate governance changes that enhance management’s ability to steer corporate strategy, while reinforcing the divergence between economic ownership and voting control for minority investors.
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 company that operates under a weighted voting rights structure and conducts business in Hong Kong as GDS WanGuo Holdings Limited. Its American depositary shares, each representing eight Class A ordinary shares, trade on the Nasdaq Global Market in the U.S. under the ticker GDS, giving it access to international capital markets.
Average Trading Volume: 5,037,301
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$66.11B
Learn more about 9698 stock on TipRanks’ Stock Analysis page.