NasdaqGM:GDSIT
GDS Holdings (GDS) Is Down 8.1% After Convertible Raise And Governance Shift - Has The Bull Case Changed?
GDS Holdings has completed a US$300,000,000 private placement of unlisted Series B Convertible Preferred Shares to Huatai Capital Investment, featuring staged dividend terms and a conversion premium over its recent Hong Kong trading levels.
At the same time, the company is asking shareholders to approve changes that could significantly increase founder William Huang’s voting power on key governance decisions, aimed at aligning with Chinese regulatory expectations around domestic...