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News  ›  GlobeNewswire Inc.

GDS Announces Sale Of US$385 million DayOne Shares

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Gds Holdings Limited
GDS Announces Sale Of US$385 million DayOne Shares

GDS Holdings announced it has entered into definitive agreements with DayOne Data Centers Limited for a US$385 million share repurchase. The transaction will enable GDS to recycle approximately 95% of its principal investment at a 6.5x multiple of money. GDS plans to reallocate the proceeds toward new business opportunities in its core China data center operations.

Insights
NVDA   positive

Collaborating with Snowflake to accelerate machine learning workflows, enhancing performance and enabling data scientists to derive better insights


GDS   positive

The company is successfully recycling capital at a strong 6.5x multiple of money from its DayOne investment, demonstrating successful value creation. The proceeds will be reinvested in core China data center business with attractive return potential, indicating management confidence in future growth opportunities.