CenturyLink introduces new strategic investors, Ningde Times joins the game

Century Internet announced that PJ Millennium I Limited and PJ Millennium II Limited will collectively acquire up to 650 million shares of Class A common stock from two entities ultimately owned by Shandong High Speed Group Limited, at a cash price of $1.4486 per share. Upon completion of the transaction, the buyer will collectively hold approximately 38.1% of the company's shares. The buyers are both wholly-owned subsidiaries of PJ Millennium Limited Partnership. The general partner of this partnership is Lochpine BG I GP Limited, which is not a controlling or affiliated entity of Ningde Times.