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VNET sells up to 650 million shares to PJ Millennium units for US$1.45 each

PUBT·05/13/2026 12:15:42
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VNET sells up to 650 million shares to PJ Millennium units for US$1.45 each
  • VNET disclosed share purchase agreement for PJ Millennium I, PJ Millennium II to buy up to 650,424,192 Class A ordinary shares from Success Flow, Choice Faith for US$ 1.45 per share, or US$ 8.69 per ADS.
  • Transaction implies up to 38.1% stake post-close, based on 1,708,149,858 ordinary shares outstanding as of March 31, 2026.
  • Closing expected in Q4 2026, subject to conditions including SDHG shareholder approval.
  • Investor rights agreement includes transfer restrictions on shares bought in deal, voting agreement requires buyers to vote per instructions from founder Josh Sheng Chen for specified period.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VNET Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605130815PR_NEWS_USPR_____CN58554) on May 13, 2026, and is solely responsible for the information contained therein.