Chindata Group Holdings on Thursday acknowledged the receipt of two rival privatisation proposals from Bain Capital and state-backed China Merchants Capital, with Bain having reiterated that it doesn’t plan to sell any of its shares in the Beijing-based data centre… Read More>>
Chindata Draws $3.4B Rival Bid From China Merchants After Bain Offer
A little over a month after hearing a takeover offer from Bain Capital, Chindata Group Holdings has received a rival proposal from state-backed China Merchants Capital representing a 15 percent premium to Bain’s privatisation bid.
CMC is making a non-binding… Read More>>
Bain Bids to Take Chindata Private at 33% Premium
Chindata Group Holdings has received a takeover offer from chief backer Bain Capital that values the Beijing-based data centre operator at around $2.9 billion.
US private equity major Bain, which holds 42.17 percent of the total issued and outstanding share… Read More>>
Bridge Data Centres Buys Thai Facility to Grow SE Asia Network
Singapore-based Bridge Data Centres has acquired a 450KW server facility in Thailand, the company said, signalling its continued expansion in the ASEAN region.
The subsidiary of Bain Capital-backed Chindata will buy the centre in Samut Prakan, south of Bangkok, from… Read More>>
Evergrande Hit With Winding-Up Petition and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-stricken China Evergrande faces a winding-up petition in the Hong Kong high court, the Cheng family behind New World Development launches a buyout bid for fashion retailer Giordano, and Swedish clothier H&M closes… Read More>>
Bain-Backed Chindata Said Fielding Takeover Interest and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chindata reportedly draws takeover interest from other data centre firms, a Singapore bank sues Chinese developer Shimao for delinquent debts, and failed conglomerate HNA announces the end of its restructuring work.
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Asia Real Estate People in the News 2022-03-07
One of China’s largest developers has started out March with some management upgrades as Longfor Group announces a new vice chair and chief executive. Also introducing new leadership is NASDAQ-listed data centre operator Chindata, and the Malaysian unit of developer… Read More>>
Bain-Backed Chindata Data Centres Announces Terms of Divorce From Former CEO
Chindata Group has shed some light on the fate of recently departed CEO Alex Ju, who will assume a new non-executive role as he prepares to exit the Beijing-based data centre provider he founded more than six years ago.
As… Read More>>
Founder of Bain-Backed Chindata Leaves Data Centre Platform One Year After IPO
The world’s hottest real estate asset class has scorched institutional investors including Bain Capital, BlackRock and CPPIB as Chindata Group announced late Friday the departure of founder and chief executive Alex Ju Jing, with the Asian data centre platform’s stock… Read More>>
Chindata’s Bridge Data Centres Breaks Ground on 100MW Malaysian Campus
Singapore-based Bridge Data Centres has started work on a new hyperscale data centre campus in the southern Malaysia state of Johor, that can deliver an estimated 100 megawatts of power capacity in the state just across the border from Singapore,… Read More>>