GDS Holdings Limited Announces Delta Placement of 6 Million ADSs

The latest announcement is out from GDS Holdings Ltd. ( (HK:9698) ).

GDS Holdings Limited announced a delta placement of 6,000,000 American Depositary Shares (ADSs) as part of a borrowing agreement with J.P. Morgan Securities plc. This move is intended to facilitate derivative transactions for investors in the company’s convertible senior notes, allowing them to hedge market risks. The company will not receive proceeds from the sale of these ADSs, but it will earn a nominal lending fee. This strategic financial maneuver is expected to support the company’s market positioning by providing flexibility for investors, although it does not directly impact the company’s earnings per ADS.

The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.

More about GDS Holdings Ltd.

GDS Holdings Limited is a company incorporated in the Cayman Islands with limited liability, operating in the data center industry. It is known for providing high-performance data center services and is listed on the Nasdaq Global Market under the symbol GDS, as well as on the Main Board of the Hong Kong Stock Exchange under the stock code 9698.

Average Trading Volume: 10,255,779

Technical Sentiment Signal: Buy

Current Market Cap: HK$42.77B

Find detailed analytics on 9698 stock on TipRanks’ Stock Analysis page.