Bain shareholders, who own 87.4% of Chindata, said they do not intend to sell any of its shares in the Chinese data centre operator after the rival bid.
Founder and Editor, The Tech Capital
3 Mins
July 13, 2023 | 1:47 PM BST
Chinese hyperscale operator Chindata Group Holdings Limited (Nasdaq: CD) has received a preliminary non-binding proposal letter from state-backed China Merchants Capital Holdings (International) Limited (CMC), to acquire all of the outstanding shares of the company for US$4.6 per ordinary share (or US$9.2 per ADS) in cash.
Founder and Editor, The Tech Capital
2 Mins|April 24, 2024
4 Mins|April 24, 2024
2 Mins|April 24, 2024
Chayora opens Beijing HQ as China data centre rollout carries on
Chinese hyperscale data centre operator Chayora has opened a Beijing office as it continues to expa...
The Tech Capital launches Asia Finance Forum to connect the region’s growing digital infrastructure investor and legal communities
Jakarta, Indonesia, July 02, 2023 - The Tech Capital, a renowned digital media, reports and events ...
APAC in wake of $100bn data centre investment wave
The Asia Pacific data centre industry is expected to attract US$96.85 billion in investment over th...
Chindata updates markets on proposed $3bn business sale
Chinese hyperscale data centre operator Chindata Group Holdings Limited (Nasdaq: CD) said the speci...
Mubadala-backed PDG releases climate data as it chases decarbonisation goals
Pan-Asia data centre investor and operator Princeton Digital Group (PDG) has released the second ed...
Institutional Investors up stakes in China’s GDS
Signaturefd LLC has increased its stake in GDS Holdings Ltd. (NASDAQ: GDS; HKEX: 9698), a provider ...
