VNET and Dajia Investment Ink Definitive Agreement on a Pre-REITs Fund
VNET Group, Inc. - American Depositary Shares (VNET)
Last vnet group, inc. - american depositary shares earnings: 8/19 04:30 pm
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Source: PR Newswire
BEIJING, Nov. 28, 2024 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that the Company has executed a definitive agreement (the "Agreement") with Dajia Investment Holding Company Ltd. ("Dajia"), a wholly owned subsidiary of Dajia Insurance Group under which both parties will jointly form a pre-REITs fund (the "Fund") to invest in hyperscale data centers in mainland China. This initiative marks a significant milestone for China's data center sector, reflecting the growing trend among domestic institutional investors to channel investments into new infrastructure projects in mainland China.Pursuant to the Agreement, the underlying assets (the "Assets") for the Fund's initial investment are the first and second phases of VNET's Taicang IDC Campus, which currently has a total IT capacity of approximately 210MW and an estimated value of RMB5.74 billion, reflecti
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VNET
News
- While institutions own 32% of VNET Group, Inc. (NASDAQ:VNET), public companies are its largest shareholders with 41% ownership [Yahoo! Finance]Yahoo! Finance
- VNET Earns Industry-Leading ESG Ratings from MSCI and S&P Global for Three Consecutive YearsPR Newswire
- Netography® Adds AI-Powered Ransomware Detection to Fusion Platform for Real-Time Awareness of Malicious Activity in Multi-Cloud and Hybrid Networks [Yahoo! Finance]Yahoo! Finance
- Netography® Adds AI-Powered Ransomware Detection to Fusion Platform for Real-Time Awareness of Malicious Activity in Multi-Cloud and Hybrid NetworksBusiness Wire
- VNET Group, Inc. (NASDAQ: VNET) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "buy" rating. They now have a $5.00 price target on the stock, up previously from $3.10.MarketBeat
VNET
Earnings
- 11/20/24 - Beat
VNET
Sec Filings
- 11/20/24 - Form 6-K
- 11/14/24 - Form S-8
- 11/12/24 - Form SC
- VNET's page on the SEC website