Vnet announces the completion of us$299 million strategic investment from shandong hi-speed holdings group limited and the repurchase right notification for 0.00% convertible senior notes due 2026

Beijing , dec. 28, 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 the completion of the previously announced equity investment in an aggregate amount of us$299 million (the "strategic investment") from success flow international investment limited ("success flow") and choice faith group holdings limited ("choice faith"), both of which are beneficially owned by shandong hi-speed holdings group limited ("sdhg," 00412.hk), a hong kong stock exchange listed company. with the closing of the strategic investment, success flow and choice faith now hold 455,296,932 and 195,127,260 newly issued class a ordinary shares of the company, respectively, representing approximately 29.5% and 12.6% of the total issued and outstanding shares of the company (excluding treasury shares and class a ordinary shares in the form of adss that are reserved for issuance upon the exercise of share incentive awards), respectively, and approximately 25.0% and 10.7% of the voting power, respectively.
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