Buyers Acquire 38.1% Stake in VNET Group, Inc.
1 report, 1 independent
Updated Sep 21
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What happened
PJ Millennium I Limited and PJ Millennium II Limited closed the purchase of 650,424,192 Class A ordinary shares of VNET Group, Inc. from Success Flow International Investment Limited and Choice Faith Group Holdings Limited. Following the transaction, the buyers collectively hold approximately 38.1% of the company's total issued and outstanding ordinary shares.
From prnewswire.com
Why it matters
The transaction establishes a significant ownership stake in VNET Group, Inc. The buyers are affiliated with Lochpine Capital Limited, which is a non-controlled affiliate of Contemporary Amperex Technology Co., Limited.
From prnewswire.com