Vnet receives unsolicited preliminary non-binding proposal to acquire all of its shares

Beijing , april 11, 2022 /prnewswire/ -- vnet group, inc. (nasdaq: vnet) ("vnet" or the "company"), a leading carrier- and cloud-neutral internet data center services provider in china, announced that its board of directors (the "board") has recently received an unsolicited preliminary non-binding proposal letter (the "proposal") from the hina group and industrial bank co., ltd., shanghai branch, proposing to acquire all of the outstanding ordinary shares of the company for us$8.00 in cash per american depositary share, or approximately us$1.3333 per ordinary share.
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