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An update from GDS Holdings Ltd. ( (HK:9698) ) is now available.
GDS Holdings Limited has announced the approval and launch of an initial public offering (IPO) for its NF GDS Data Center Infrastructure Real Estate Investment Trust (C-REIT) on the Shanghai Stock Exchange. The transaction involves GDS selling 100% equity interest in a project company with stabilized data center assets to the C-REIT, which will be funded through the IPO. GDS will subscribe for 20% of the C-REIT units, while the remaining will be taken up by institutional and retail investors. The transaction is expected to close in the coming weeks, subject to market conditions and closing requirements.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
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