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GDS Holdings Limited reports developments tied to its high-performance data center business in China and its securities listed on Nasdaq and HKEX. News commonly covers unaudited quarterly and annual results, Form 20-F filing announcements, earnings-call schedules, and data center demand from hyperscale cloud providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and enterprise customers.
Company updates also include shareholder meetings, amendments to articles of association, preferred-share and ordinary-share voting matters, capital-structure actions, and its minority equity interest in DayOne Data Centers Limited, a Singapore-headquartered hyperscale data center platform.
GDS Holdings Limited (NASDAQ: GDS) successfully held its Annual General Meeting of Shareholders on August 6, 2020, where all ordinary resolutions were approved. Key approvals included the re-election of directors Gary J. Wojtaszek and Satoshi Okada, and the appointment of KPMG Huazhen LLP as independent auditor for the fiscal year ending December 31, 2020. Additionally, shareholders approved amendments to the Equity Incentive Plan, allowing for the allocation of up to 20% of existing share capital and increasing unallocated shares for employee awards based on performance metrics.
GDS Holdings Limited (NASDAQ: GDS), a prominent data center developer in China, will report its Q2 2020 financial results on August 18, 2020, pre-market. Following the report, management will host an earnings conference call at 8:00 AM ET. Interested participants can join by dialing specific numbers provided for the U.S., international, Hong Kong, and Mainland China. A live and archived webcast will be available on GDS's investor relations website. GDS operates high-performance data centers in key economic areas, serving major cloud providers and large corporations.
GDS Holdings, a leading data center operator in China, announced its 2020 Annual General Meeting (AGM) set for August 6, 2020, at 4:00 PM China Standard Time in Shanghai. Shareholders registered by July 10, 2020, can vote at the meeting. Beneficial owners of American Depositary Shares must act through JPMorgan Chase Bank to exercise rights. Detailed AGM materials are accessible on the company's Investor Relations website and the SEC's site. GDS focuses on high-demand areas, providing colocation and managed services, and serves major cloud and internet providers alongside large corporations.
GDS Holdings Limited (NASDAQ: GDS) has announced a private placement of $505 million in newly issued Class A ordinary shares. Hillhouse Capital will invest $400 million, and ST Telemedia Global Data Centres will invest $105 million, representing approximately 5.1% of GDS's total shares. The shares are priced at $65 each, reflecting a 5.9% discount to the volume-weighted average price over the last ten days. The funds will support data center development and acquisitions. Closing of the transaction is expected shortly.
GDS Holdings Limited (NASDAQ: GDS) reported impressive first-quarter results for 2020, with net revenue rising 39.1% year-over-year to RMB1,240.4 million (US$175.2 million). Service revenue also increased by 38.3% to RMB1,232.6 million (US$174.1 million). The company's net loss decreased to RMB92.0 million (US$13.0 million) from RMB136.6 million a year earlier. Adjusted EBITDA surged 49.3% to RMB572.1 million (US$80.8 million), with an adjusted EBITDA margin of 46.1%. Total area committed increased by 43.6% year-over-year, reaching 286,990 square meters as of March 31, 2020.
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