21vianet announces signing of definitive agreement to repurchase approximately us$260 million of class b ordinary shares from tuspark

Beijing, march 24, 2021 (globe newswire) -- 21vianet group, inc. (nasdaq: vnet) (“21vianet” or the “company”), a leading carrier-neutral and cloud-neutral data center services provider in china, today announced that it has entered into a share purchase agreement with tuspark innovation venture limited (“tuspark”), pursuant to which 21vianet will purchase from tuspark 48,634,493 class b ordinary shares of the company for an aggregate purchase price of approximately us$260 million. the repurchase price will be at us$5.346 per ordinary share, or us$32.076 per american depository share (“ads”), which is the product of (i) the daily volume weighted average price of the adss for the consecutive thirty (30) trading days ended on march 22, 2021, multiplied by (ii) 88%.
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