Home Equities Score GDS Holdings Limited (GDS) Stock dropped 7.92% In after market Trading. Why?

GDS Holdings Limited (GDS) Stock dropped 7.92% In after market Trading. Why?

GDS Holdings Ltd., (GDS) a carrier-neutral Internet data center services provider in China specializing to design, build, and operate data centers is considering acquiring GLP’s data centers business as the Chinese cloud computing company looks for expansion of its digital platform capacity in the second-largest economy globally, in accordance to people familiarized with the matter.

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At last check in after-market trading, shares of GDS Holdings Limited (GDS) were down -7.92% at $73.0. GDS stock closed last session at $79.28, increasing 0.14% or $0.11. Shares of the company fluctuated between $77.13 and $79.75 throughout the day. The shares of GDS Holdings Limited have advanced 12.31% in the last five days; however, they have lost -0.73% over the last month.

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Now What

GDS, a company specializing inefficient data centres in China, is in between preliminary talks with Singapore investment manager GLP over an anticipated transaction that could value the assets between a range of $8 billion to $10 billion. In accordance to the conditions of the deal GLP would become a shareholder in Shanghai-based GDS.

Considerations are still in the initial stages and the companies could potentially decide against completing the transaction. Details inclusive of valuation and structure of a deal could vary.

The potential deal may take place as the digital platform rises in significance to the world economy, with data centers assisting in everything such as video streams that allow remote working to the online gaming and social media with high consumer orientation.

GDS obtained $1.9 billion in a Hong Kong secondary listing in the previous year.CEO William Huang said in November that the company aims to use the proceeds mainly to invest in data centers in China, Hong Kong, and potentially Southeast Asia. GDS may also seek M&A opportunities in China and beyond.

GLP has immense data centre holdings of its own in China. The company has emphasized developing GLP Huailai Internet Data Centre in the Hebei province, northern China, with accumulated capital of approximately 10 billion yuan ($1.6 billion). The facility will exceed 15,000 cabinets, which can hold almost 200,000 servers, as the project is completed.

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Conclusion

GDS may acquire GLP due to the complementary nature of their businesses. Furthermore, International trend shifting towards high-level data centres and increasing significance for video streams may prove to be extremely lucrative in the foreseeable future.

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