SINGAPORE (Reuters) – Chinese language information centre developer and operator GDS Holdings stated it had been in discussions with a number of non-public fairness traders on investing in its operations outdoors the nation.
The Hong Kong-listed firm made the remark in a inventory change submitting late on Monday after Bloomberg Information reported that Hillhouse, Boyu Capital and CDH Investments are in superior talks to put money into GDS’ information heart enterprise outdoors China.
The report, citing individuals conversant in the matter, added that an settlement on a complete funding of $500 million to $600 million could also be reached as quickly as the approaching weeks.
“Nonetheless, as on the date of this announcement, no definitive authorized agreements referring to any non-public fairness capital elevating have been entered into and there may be no certainty that any transaction will proceed or, if it does, what the construction of such transaction could also be,” GDS stated within the submitting.
GDS added that it had beforehand stated it had been reviewing choices on the capital wants of its worldwide enterprise, together with the potential of elevating capital for its worldwide enterprise from non-public fairness traders.
Hillhouse, Boyu and CDH didn’t instantly reply to requests looking for touch upon Tuesday.
Infrastructure property akin to information centres have been gaining traders’ curiosity in Asia. In September, world funding agency KKR & Co acquired 20% of Singapore Telecommunications’ regional information centre enterprise for S$1.1 billion ($826.51 million).
($1 = 1.3309 Singapore {dollars})
(Reporting by Yantoultra Ngui; Enhancing by Rashmi Aich)
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