Chinese Data Center Operator Wangsu Plans To Sell Its Controlling Stake For $506M June 10, 2019

Chinese investment firm Guangxi Investment Group last week entered into a preliminary agreement to spend RMB3.503 billion (US$506.79 million) for a 12% stake in Wangsu Science & Technology, which will make it become the largest shareholder of the Chinese data and cloud computing services provider. Wangsu’s founder and dominant stockholder, Chen Baozhen, and president and […]

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