3.5B Spent For Wangsu, GIG Becomes The Largest Shareholder

IDCNOVA news:Chinese data center operator Wangsu Science and Technology Co.,Ltd.(AKA Wangsu)announced recently that Guangxi Investment Group Co.,Ltd.(AKA GIG)spent 3.5 billion to acquire 12%shares of the total sum of Wangsu.After this transaction,GIG would become the largest shareholder of Wangsu.According to the share transfer deal signed between GIG and Wangsu,GIG will buy shares of Wangsu 12 yuan per share.

Established in January 2000,Shanghai,Wangsu is dedicated to crucial technology research and development in terms of big data and cloud computing.It formulated a extensive and high efficient CDN,edge computing as well as meet the data computing and interactive demand anytime anywhere.

Compiled by China IDCNOVA, its open and available for repost, reproduce, quote or retransmission if clearly stating the source with web link combined.

For more information, please contact justin@idcnova.com

Read Also
Aiming at South China Data Center Hub, Gui’an to Hold 4 Million Servers
Chengdu is to Cultivate 10,000 Big Data Talents by 2022
China Data Center Tour: GSC Lianyuan Data Center