Gds announces closing of offering of american depositary shares in connection with the delta placement of borrowed adss

Shanghai, china, may 30, 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 the closing of a previously announced registered public offering of 6,000,000 american depositary shares (“adss”), each representing eight class a ordinary shares, par value us$0.00005 per share (the “delta placement of borrowed adss”), at a public offering price of us$24.50 per ads (the “delta public offering price”), which the company lent (such loaned adss, the “borrowed adss”) to an affiliate of the underwriter in the ads offering (such affiliate, the “ads borrower”) pursuant to an ads lending agreement with the ads borrower (the “ads lending agreement”).
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