Stock Track | 21vianet (VNET) Soars 7.1% on Deal to Form Data Center Pre-REIT Fund

Stock Track11-29

21vianet, a leading carrier-neutral internet data center services provider, saw its stock soar 7.1% in premarket trading on Friday. This significant surge comes on the heels of the company's announcement of a strategic deal to form a pre-REIT (real estate investment trust) fund with Dajia Investment to invest in its large data center assets in mainland China.

Under the agreement, the initial assets for the fund's investment will be the first two phases of VNET's state-of-the-art 210 megawatt Taicang IDC Campus, valued at an estimated $793 million. VNET will retain a 51% equity interest in these assets through the fund, ensuring continued operational control, while Dajia Investment, a subsidiary of Dajia Insurance Group, will acquire the remaining 49% stake.

This innovative financing structure allows VNET to unlock the value of its premium data center assets while maintaining majority ownership. It also bolsters the company's capital sources through a long-term institutional investor and enhances its balance sheet efficiency, providing a solid foundation for future growth initiatives.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1134415979?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-29 22:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1134415979","market":"hk","top_or_hot":-1,"title":"Stock Track | 21vianet (VNET) Soars 7.1% on Deal to Form Data Center Pre-REIT Fund","media":"Stock Track","content":"<p>21vianet, a leading carrier-neutral internet data center services provider, saw its stock soar 7.1% in premarket trading on Friday. This significant surge comes on the heels of the company's announcement of a strategic deal to form a pre-REIT (real estate investment trust) fund with Dajia Investment to invest in its large data center assets in mainland China.</p>\n\n<p>Under the agreement, the initial assets for the fund's investment will be the first two phases of VNET's state-of-the-art 210 megawatt Taicang IDC Campus, valued at an estimated $793 million. VNET will retain a 51% equity interest in these assets through the fund, ensuring continued operational control, while Dajia Investment, a subsidiary of Dajia Insurance Group, will acquire the remaining 49% stake.</p>\n\n<p>This innovative financing structure allows VNET to unlock the value of its premium data center assets while maintaining majority ownership. It also bolsters the company's capital sources through a long-term institutional investor and enhances its balance sheet efficiency, providing a solid foundation for future growth initiatives.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | 21vianet (VNET) Soars 7.1% on Deal to Form Data Center Pre-REIT Fund</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | 21vianet (VNET) Soars 7.1% on Deal to Form Data Center Pre-REIT Fund\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-29 22:34 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>21vianet, a leading carrier-neutral internet data center services provider, saw its stock soar 7.1% in premarket trading on Friday. This significant surge comes on the heels of the company's ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VNET","symbol_name":"世纪互联","start_time":0,"source_url":"","article_id":"1134415979","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1134415979","pubTimestamp":1732890890,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"21vianet, a leading carrier-neutral internet data center services provider, saw its stock soar 7.1% in premarket trading on Friday. This significant surge comes on the heels of the company's announcement of a strategic deal to form a pre-REIT  fund with Dajia Investment to invest in its large data center assets in mainland China.Under the agreement, the initial assets for the fund's investment will be the first two phases of VNET's state-of-the-art 210 megawatt Taicang IDC Campus, valued at an e","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VNET":"世纪互联"},"translate_title":"股票轨迹世纪互联(VNET)因组建数据中心预房地产投资信托基金交易而飙升7.1%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VNET":1},"content_text":"21vianet, a leading carrier-neutral internet data center services provider, saw its stock soar 7.1% in premarket trading on Friday. This significant surge comes on the heels of the company's announcement of a strategic deal to form a pre-REIT (real estate investment trust) fund with Dajia Investment to invest in its large data center assets in mainland China.\nUnder the agreement, the initial assets for the fund's investment will be the first two phases of VNET's state-of-the-art 210 megawatt Taicang IDC Campus, valued at an estimated $793 million. VNET will retain a 51% equity interest in these assets through the fund, ensuring continued operational control, while Dajia Investment, a subsidiary of Dajia Insurance Group, will acquire the remaining 49% stake.\nThis innovative financing structure allows VNET to unlock the value of its premium data center assets while maintaining majority ownership. It also bolsters the company's capital sources through a long-term institutional investor and enhances its balance sheet efficiency, providing a solid foundation for future growth initiatives.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1134415979"}