GDS Holdings Limited announced that its international affiliate, DigitalLand Holdings Limited (GDSI), has revised the issuance agreement for its Series B convertible preferred shares, increasing the financing scale from 1 billion USD to 1.2 billion USD, while maintaining the pre-investment valuation unchanged. The new investment mainly comes from renowned investors, including the SoftBank Vision Fund and Citadel CEO Kenneth Griffin. The Series B financing is expected to be completed by the end of 2024.After the completion of the trade, GDS Holdings will hold approximately 35.6% of the ordinary shares of GDSI (calculated on a fully diluted basis). This round of financing reflects investors' confidence in GDSI's business prospects and is expected to provide the company with more funds to support its expansion plans in the international market. However, the company warns investors to be aware of the potential risks associated with its different voting rights structure, including the situation where the interests of different voting rights beneficiaries may not align with the overall interests of shareholders.

GDS Holdings Limited announced that its international affiliate, DigitalLand Holdings Limited (GDSI), has revised the issuance agreement for its Series B convertible preferred shares, increasing the financing scale from 1 billion USD to 1.2 billion USD, while maintaining the pre-investment valuation unchanged. The new investment mainly comes from renowned investors, including the SoftBank Vision Fund and Citadel CEO Kenneth Griffin. The Series B financing is expected to be completed by the end of 2024.After the completion of the trade, GDS Holdings will hold approximately 35.6% of the ordinary shares of GDSI (calculated on a fully diluted basis). This round of financing reflects investors' confidence in GDSI's business prospects and is expected to provide the company with more funds to support its expansion plans in the international market. However, the company warns investors to be aware of the potential risks associated with its different voting rights structure, including the situation where the interests of different voting rights beneficiaries may not align with the overall interests of shareholders.