Gds announces us$1.0 billion equity raise by its international affiliate led by prestigious new us investors

Singapore, oct. 29, 2024 (globe newswire) -- gds holdings limited (the “company” or “gdsh”) (nasdaq: gds; hkex: 9698), a leading developer and operator of high-performance data centers in china and south east asia, today announced that its international affiliate, digitalland holdings limited (“gds international” or “gdsi”), which acts as the holding company for gdsh's data center assets and operations outside of mainland china, has entered into definitive agreements for certain institutional private equity investors (the “investors”) to subscribe for us$1.0 billion of series b convertible preferred shares (the “series b”) newly issued by gdsi.
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