HK shares of GDS fall on notes sale plan for acquisition

GDS Holdings

22/02/2022 02:56

** Hong Kong shares of high-performance data centres
operator GDS Holdings Ltd  9698.HK  fall as much as 5.4% to
HK$39.95, the biggest daily percentage drop since Feb. 8 
    ** Shanghai-based GDS  GDS.O  says it has agreed to sell
$620 mln 0.25% convertible senior notes due 2029 to Sequoia
China Infrastructure Fund I,  ST Telemedia Global Data Centres,
and an Asian sovereign wealth fund  urn:newsml:reuters.com:*:nFWN2UW0RC
    ** Says the net proceeds will be used for development and
acquisition of new data centres, general corporate purposes and
for working capital needs 
    ** Hang Seng Tech Index  .HSTECH  and Hang Seng Composite
Index  .HSCI  both fall 2.4% 
    ** Hang Seng sub-index tracking information technology firms
 .HSCIIT  declines 2.5%, while Hang Seng Index  .HSI  drops 2.6%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))