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Chindata Group Holdings Ltd - CD STOCK NEWS

Welcome to our dedicated news page for Chindata Group Holdings (Ticker: CD), a resource for investors and traders seeking the latest updates and insights on Chindata Group Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Chindata Group Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Chindata Group Holdings's position in the market.

News
Chindata Group Announces Completion of Going Private Transaction
Rhea-AI Summary
Chindata Group Holdings Limited (Nasdaq: CD) completes merger with BCPE Chivalry Merger Sub Limited, becoming a wholly owned subsidiary of BCPE Chivalry Bidco Limited.
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Chindata Group Announces Shareholders’ Approval of Merger Agreement
Rhea-AI Summary
Chindata Group Holdings Limited (Nasdaq: CD) announced the approval of the proposal to authorize and approve the execution, delivery, and performance of the previously announced agreement and plan of merger. Approximately 91.70% of the Company’s total outstanding Class A ordinary shares and Class B ordinary shares attended the EGM by proxy, representing approximately 98.85% of the total outstanding votes. The Merger Agreement, the Plan of Merger, and the transactions contemplated thereby, including the Merger, were approved by over 97.75% of the total votes cast at the EGM.
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-1.07%
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Chindata Scoops Two Data Center Category Prizes at Prestigious 2023 Global Carrier Awards in London
Rhea-AI Summary
Chindata Group Holdings Limited received the Best Data Center Service Provider Award and the Best Data Center/Edge Service Innovation Award at the 2023 Global Carrier Awards. The company was recognized for its high-quality customer services and leading innovative technology capabilities.
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3.34%
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Chindata Group to Hold Extraordinary General Meeting of Shareholders
Rhea-AI Summary
Chindata Group Holdings Limited has called an extraordinary general meeting of shareholders to consider and vote on a proposal to authorize and approve a merger agreement. If the merger is approved, the company will become privately held and its ADSs will no longer be listed or traded on any stock exchange.
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Chindata Reveals Impressive Revenue Leap of 49.7% in Its Unaudited Q2 2023 Financial Report
Rhea-AI Summary
Chindata Group announced its unaudited financial report for Q2 2023, showing a 49.7% YoY growth in revenue and a 49.9% YoY growth in adjusted EBITDA. The company's cumulative revenue for the first half of 2023 jumped 53.0% YoY, while adjusted EBITDA and net income increased by 56.9% and 60.5% respectively. Chindata's business structure focuses equally on growth in China and internationally, with a strong presence in Malaysia and India. The company has 35 data centers in service or under construction, with a total IT capacity of 945MW. Chindata has entered a new growth period both internationally and domestically and aims to meet the growing customized needs of customers by providing hyperscale computing infrastructure solutions.
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Chindata Group Reports Fiscal Year 2023 Second Quarter and Half Year Unaudited Financial Results
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Chindata Group Holdings announces Q2 2023 financial results with revenue growth of 49.7% YoY and reiterates full-year guidance. Total capacity increased by 47MW to 945MW. Utilized capacity grew by 48MW to reach 585MW. Total contracted and IOI capacity increased by 34MW. Company's 2022 ESG Report highlights energy-efficient operations. Strategic cooperation agreement signed with Zhangjiakou Construction & Investment Group. Subsidiary Hebei Qinhuai selected as part of National List of Specialized and Innovative 'Little Giant' Enterprises.
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Chindata Group Unveils Pioneering Full-Stack Solutions for Hyperscale Data Centers, Bolstering Energy Efficiency and Computational Prowess in the AIGC Era
Rhea-AI Summary
Chindata Group launches full-stack solution for data centers, addressing power and cooling issues in the AI era. Solutions include X-PrePower 3.0 with 98.5% efficiency, X-Cooling Maglev Two-phase Cooling System, Large-Scale Fully Prefabricated Data Centers, and Kunpeng IDC Operations Management Platform. Construction timeline reduced to 8 months in Malaysia project. Positive for Chindata Group's stock.
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-0.6%
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Chindata Group Enters into Definitive Agreement for "Going Private" Transaction
Rhea-AI Summary
Chindata Group Holdings Limited has entered into a Merger Agreement with BCPE Chivalry Bidco Limited and BCPE Chivalry Merger Sub Limited. The equity value of the company is approximately US$3.16 billion. Shareholders will receive US$4.30 in cash for each Class A ordinary share and US$8.60 in cash for each ADS. The Merger Consideration represents a 7.5% increase from the preliminary proposal and a premium of approximately 42.6% to the closing price of the ADSs on June 5, 2023. The Merger is expected to close in Q4 2023 or Q1 2024.
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Chindata Releases 2022 ESG Report Revealing Above Industry Average PUE of 1.21 with Accelerated Green Transformation
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Chindata Group to Release Second Quarter 2023 Financial Results and Host a Conference Call on August 31, 2023
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1.4%
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Stock CD logo
Chindata Group Holdings Ltd

Nasdaq:CD

CD Rankings

N/A Ranked by Market Cap
#257 Ranked by Stock Gains
N/A Ranked by Dividends

CD Stock Data

3.10B
221.62M
8.46%
58.29%
5.04%
Securities Brokerage
Finance and Insurance
Link
China (Mainland)
Beijing

About CD

chindata group holdings limited provides carrier-neutral hyper scale data center solutions in china, india, and southeast asia markets. it offers colocation and managed, energy procurement and transmission, infrastructure, and it and network services. the company was formerly known as bcpe bridge stack limited and changed its name to chindata group holdings limited in april 2020. chindata group holdings limited was founded in 2015 and is headquartered in beijing, china.