GDS Announces Acquisition of Site in Shanghai for Major New Data Center Campus
GDS Holdings Limited - American Depositary Shares (GDS)
Last gds holdings limited - american depositary shares earnings: 3/19 08:28 am
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Source: GlobeNewswire
SHANGHAI, China, Jan. 16, 2020 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS), a leading developer and operator of high-performance data centers in China, today announced that it has entered into a definitive legal agreement through its indirectly wholly-owned subsidiary in China to acquire from a third party a site (the “Site”) in Pujiang Area, Minhang District of Shanghai, for a total consideration of RMB1.37 billion. The Site consists of approximately 212,000 square meters of total land area, with roughly half of it developed and half greenfield. It will be used for a major new data center campus, which the Company intends to develop in multiple phases over several years. The Site is located around 25 kms from the Company’s existing cluster of 11 data centers in the Shanghai Waigaoqiao Free Trade Zone. Minhang District is an established data center hub due to its proximity to submarine cable landing stations. It is an attracti
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GDS
Earnings
- 5/22/24 - Beat
GDS
Sec Filings
- 11/19/24 - Form 6-K
- 11/14/24 - Form SC
- 11/5/24 - Form 6-K
- GDS's page on the SEC website