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home / news releases / GDS - GDS Holdings Raises Funds For Accelerating Expansion But Investors Unimpressed

GDS - GDS Holdings Raises Funds For Accelerating Expansion But Investors Unimpressed

GDS Holdings Limited
  • GDS is raising $620 million through the issue of seven-year convertible notes with a conversion price just 16% above the stock’s latest close.
  • Funds are being used to pay for an accelerated buildup of new data centers, including a new regional hub taking shape around Singapore.
  • The company’s building spree comes as Beijing lays out big plans to boost China’s data center infrastructure.

For further details see:

GDS Holdings Raises Funds For Accelerating Expansion, But Investors Unimpressed
Stock Information
Company Name: GDS Holdings Limited
Stock Symbol: GDS
Market: NASDAQ
Website: gds-services.com
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