GDS Holdings Limited - American Depositary Shares (GDS)
34.50
+0.98 (2.92%)
GDS Holdings Ltd is a leading provider of high-performance data center solutions in China
The company specializes in the development and operation of large-scale, technologically advanced data centers that cater to the growing demand for cloud services, big data analytics, and internet-based applications. GDS offers a range of services including colocation, cloud computing infrastructure, and managed services, supporting a diverse clientele that includes major technology firms and enterprises. With a focus on energy efficiency and innovative design, GDS aims to meet the evolving needs of businesses in a digital economy while enhancing the reliability and security of their data storage and processing capabilities.
SHANGHAI, China, March 10, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that it has entered into definitive agreements to monetize, on a net basis, a 70% equity interest in certain of its data centers, at an implied enterprise value (“EV”) to EBITDA multiple of around 13 times. In a first of a kind transaction, GDS is selling a 100% equity interest in certain data center project companies to a private REIT (“P-REIT”), which is a special purpose equity scheme involving the issue of an Asset Backed Security (“ABS”). The ABS is 70% subscribed by top tier institutional investors in China, led by China Life Insurance Company Limited (“China Life"), whilst GDS subscribes for the remaining 30% and retains the rights for on-going operation of the underlying data centers. The ABS will be listed on the Shanghai Stock Exchange as a standardized security product. The P-REIT structure is specifically designed to facilitate an eventual injection of the ABS into a public REIT vehicle (“C-REIT”) when qualified.
SHANGHAI, China, March 05, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that it will report its fourth quarter and full year 2024 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on March 19, 2025.
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As we await the opening of the US market on Thursday, let's delve into the pre-market session and discover the top gainers and losers shaping the early market sentiment.
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