Seeking Alpha

21Vianet secures $100M equity investment from Temasek

  • 21Vianet (VNET +0.9%) shares tick up after Singapore's Temasek invests $100M in the data center services provider. 87% of the investment will take the form of new Class A ordinary shares, with the remainder coming from existing shareholders at a price of $15 per share (a 7.2% discount to Friday's close).
  • The transaction gives Temasek a 10% equity stake in the company and the right to nominate a director to the board.
 
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