Gds Holdings Limited - GDS STOCK NEWS

GDS Holdings reported a robust third quarter for 2020, showcasing a 43.0% year-over-year increase in net revenue to RMB1,524.7 million (US$224.6 million). Service revenue also rose by 43.8% year-over-year. However, the company faced a net loss of RMB204.6 million (US$30.1 million), up from RMB108.6 million in Q3 2019. Adjusted EBITDA surged 48.3% to RMB717.1 million (US$105.6 million), maintaining a 47.0% margin. GDS's operational metrics improved, with area committed reaching 357,344 sqm, up 47.4% year-over-year, driven by strong demand for cloud services.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698), a leader in high-performance data center services in China, will announce its Q3 2020 unaudited financial results on November 16, 2020, after U.S. market close. An earnings conference call is scheduled for 7:00 PM U.S. Eastern Time on the same day. Participants are encouraged to dial in early and provide the Conference ID 6869567. GDS is known for its extensive, efficient data centers located in key economic areas of China, serving major telecommunications and cloud services.

GDS Holdings Limited (NASDAQ: GDS) has announced the pricing of its Global Offering of 160 million new Class A ordinary shares at HK$80.88 each, approximately US$83.49 per American depositary share (ADS). The offering is projected to generate gross proceeds of about HK$12,940.8 million. The shares will begin trading on the Hong Kong Stock Exchange on November 2, 2020, under stock code ‘9698’. The funds raised will primarily be used for expanding data center operations and developing new technologies. The offering includes an over-allotment option for an additional 24 million shares.

GDS Holdings Limited (NASDAQ: GDS) announced its Hong Kong public offering of 160,000,000 new Class A ordinary shares, with 8,000,000 shares designated for the Hong Kong market. The maximum offer price is set at HK$86.00 per share. The offering aims to raise funds for expanding its data center operations and technology innovations. The company is adopting a fully electronic application process to minimize environmental impact. The offering period commences on October 21, 2020, and closes on October 27, 2020. J.P. Morgan and other firms are joint sponsors of this initiative.

GDS Holdings has extended an offer to acquire 100% of the equity interests in companies owning a significant data center in Beijing's Shunyi district, known as BJ14. The total enterprise value of the acquisition is approximately RMB3.8 billion, plus an additional RMB500 million contingent on property acquisition. BJ14, one of the largest data centers in Beijing, is fully operational and 68% utilized, with expectations to reach full utilization by 2022. The transaction is subject to definitive agreements and conditions precedent.

On September 10, 2020, GDS Holdings (NASDAQ: GDS) announced a Memorandum of Understanding (MoU) with Sembcorp Industries to collaborate on renewable energy initiatives in China. This partnership aims to develop renewable energy solutions for GDS’s data centers and explore synergies with Sembcorp’s resources in water management and power generation. GDS is already utilizing green power at its Chengdu and Zhangbei facilities and emphasizes its commitment to environmental sustainability and China's energy reforms.

GDS Holdings Limited (GDS), a leading data center operator in China, reported a net revenue of RMB1,342.2 million (US$190.0 million) for Q2 2020, marking a 36.2% year-over-year increase. The company experienced a net loss of RMB101.0 million (US$14.3 million), slightly worsened from RMB93.2 million in Q2 2019. Adjusted EBITDA surged 47.8% year-over-year to RMB633.4 million (US$89.7 million), with an adjusted EBITDA margin of 47.2%. Notably, GDS increased its committed area by 46,471 sqm, driven by new strategic customer contracts and ongoing data center expansions.

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.