Vnet announces us$299 million strategic investment from shandong hi-speed holdings group limited

Beijing , nov. 16, 2023 /prnewswire/ -- vnet group, inc. (nasdaq: vnet) ("vnet" or the "company"), a leading carrier- and cloud-neutral internet data center services provider in china, today announced that success flow international investment limited ("success flow") and choice faith group holdings limited ("choice faith") have entered into an investment agreement (the "investment agreement") with vnet to make an equity investment in an aggregate amount of us$299 million (the "proposed investment") in the company. both success flow and choice faith are beneficially owned by shandong hi-speed holdings group limited ("sdhg," 00412.hk), the shares of which are listed on the main board of the hong kong stock exchange.
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