21vianet's founder and executive chairman to expand ownership in 21vianet

Beijing, aug. 06, 2021 (globe newswire) -- 21vianet group, inc. (nasdaq: vnet) (“21vianet” or the “company”), a leading carrier- and cloud-neutral internet data center services provider in china, today announced that mr. josh sheng chen, the company's founder and executive chairman of the board, has informed the company that beacon capital group inc., a company controlled by mr. chen, has entered into agreements with tuspark innovation venture limited (“tuspark”), pursuant to which beacon capital group inc. will purchase from tuspark 17,140,898 class a ordinary shares of the company for an aggregate purchase price of approximately us$50 million. the purchase price will be at us$2.917 per ordinary share, or us$17.502 per american depository share (“ads”).
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