VNET Group, Inc. (VNET) Form 6-K — May 13, 2026
VNET Group announced that PJ Millennium I and II Limited have entered into a share purchase agreement to acquire up to 650,424,192 Class A ordinary shares from existing shareholders, representing approximately 38.1% of the company's total issued shares. The proposed investment values the transaction at US$1.4486 per ordinary share (US$8.6914 per ADS) and involves buyers that are wholly-owned subsidiaries of an affiliate of Contemporary Amperex Technology Co., Limited (CATL).
Key figures
- Shares Outstanding
- 1,708,149,858
- Price Per ADS
- US$8.6914
- Price Per Share
- US$1.4486
- Shares Purchased
- 650,424,192
- Ownership Percentage
- 38.1%
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