21Vianet introduces new strategic investor, CATL joins in

Golden Ten Data reported on May 13 that VNET announced PJ Millennium I Limited and PJ Millennium II Limited will acquire up to 650 million Class A ordinary shares in total, at a cash consideration of $1.4486 per ordinary share (or $8.6914 per ADS), from two entities ultimately owned by Shandong Hi-Speed Group Co., Ltd. After the transaction is completed, the buyers will collectively hold approximately 38.1% of the company's shares. Both buyers are wholly owned subsidiaries of PJ Millennium Limited Partnership. The general partner of this partnership is Lochpine BG I GP Limited, which is a non-controlling, non-consolidated affiliate of CATL.