GDS-SW(09698) has recovered approximately 95% of the investment capital in DayOne, with an investment return rate of nearly 6.5 times.

GDS-SW (09698) announced that it has reached a final agreement with DayOne Data Centers Limited (DayOne), a large-scale data center platform based in Singapore in which the company holds a minority equity investment. According to this agreement, DayOne will repurchase DayOne common shares worth $385 million from the company. The repurchase price per share of common stock is the same as the price of the recently announced new issuance of over $2 billion C-round convertible preferred shares by DayOne. The share repurchase will allow GDS-SW to recover approximately 95% of its invested capital in DayOne, with an investment return of nearly 6.5 times. Based on the new issuance price of the C-round, the remaining equity value of GDS-SW in DayOne exceeds $2.2 billion, equivalent to $11.18 per share of GDS-SW American depositary shares. GDS-SW currently intends to reallocate the proceeds from the share repurchase to invest in emerging opportunities in China's core business sectors with significant return potential.