• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13D/A filed by GDS Holdings Limited (Amendment)

    5/29/24 8:54:58 AM ET
    $GDS
    Computer Software: Programming Data Processing
    Technology
    Get the next $GDS alert in real time by email
    SC 13D/A 1 d843713dsc13da.htm SC 13D/A SC 13D/A

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

     

    SCHEDULE 13D

    (Rule 13d-101)

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

    TO §240.13d-1(a) AND AMENDMENTS THERETO FILED

    PURSUANT TO §240.13d-2(a)

    UNDER THE SECURITIES EXCHANGE ACT OF 1934

    (Amendment No. 14)

     

     

    GDS Holdings Limited

    (Name of Issuer)

    Class A Ordinary Shares, par value $0.00005 per share

    (Title of Class of Securities)

    36165L108

    (CUSIP Number)

    Chan Jen Keet

    c/o Singapore Technologies Telemedia Pte Ltd

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

    Telephone: (65) 6723 8633

    Facsimile: (65) 6720 7220

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

    May 29, 2024

    (Date of Event which Requires Filing of this Statement)

     

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

     

     

    Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

     

     

     

    *

    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     


    CUSIP No. 36165L108    Page 1 of 7

     

     1    

      Names of Reporting Persons

     

     Singapore Technologies Telemedia Pte Ltd

     2  

     Check the Appropriate Box if a Member of a Group

     (a) ☐  (b) ☐

     

     3  

     SEC Use Only

     

     4  

     Source Of Funds

     

     AF

     5  

     Check If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e)

     

     ☐

     6  

     Citizenship Or Place Of Organization

     

     Republic of Singapore

    NUMBER OF

    SHARES

    BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

     

        7    

     Sole Voting Power

     

     0

        8  

     Shared Voting Power

     

     493,288,484(1)

        9  

     Sole Dispositive Power

     

     0

       10  

     Shared Dispositive Power

     

     493,288,484(1)

    11    

     Aggregate Amount Beneficially Owned By Each Reporting Person

     

     493,288,484(1)

    12  

     Check if the Aggregate Amount In Row (11) Excludes Certain Shares

     

     ☐

    13  

     Percent Of Class Represented By Amount In Row (11)

     

     34.2%(2)(3)

    14  

     Type of Reporting Person

     

     CO

     

    (1)

    Includes 16,000,000 Class A Shares (as defined herein) issuable upon conversion of the 0.25% Convertible Senior Notes due 2029.

    (2)

    Based on 1,426,391,679 Class A Shares outstanding, comprising 1,511,590,567 Class A Shares outstanding as of March 31, 2024, less 85,198,888 Class A Shares held by JPMorgan Chase Bank, N.A., as depositary, which are reserved for future delivery upon exercise or vesting of share awards granted under the Issuer’s (as defined herein) share incentive plans, as set forth in the Issuer’s annual report on Form 20-F filed with the Securities and Exchange Commission (the “Commission”) on April 29, 2024 (the “2023 Form 20-F”).

    (3)

    43,590,336 Class B Ordinary Shares (“Class B Shares”) were disclosed as outstanding as of March 31, 2024 in the 2023 Form 20-F. On that basis, with respect to (i) the election of a simple majority of the Issuer’s directors and (ii) any change to the Issuer’s articles of association that would adversely affect the rights of the holders of Class B Shares, at general meetings of shareholders, each Class A Share is entitled to one vote per share, and each Class B Share is entitled to 20 votes per share, and accordingly, the Class A Shares deemed to be beneficially owned by the Reporting Persons as of May 29, 2024 represented approximately 21.3% of the aggregate voting power on such matters with Class A Shares and Class B Shares voting on a 1:20 basis. With respect to any other matters at general meetings of shareholders, each Class A Share is entitled to one vote, and each Class B Share is entitled to one vote, and accordingly, the Class A Shares deemed to be beneficially owned by the Reporting Persons as of May 29, 2024 represented approximately 33.2% of the aggregate voting power on such matters with Class A Shares and Class B Shares voting on a 1:1 basis.


    CUSIP No. 36165L108    Page 2 of 7

     

     1    

      Names of Reporting Persons

     

     STT Communications Ltd

     2  

     Check the Appropriate Box if a Member of a Group

     (a) ☐  (b) ☐

     

     3  

     SEC Use Only

     

     4  

     Source Of Funds

     

     WC, AF

     5  

     Check If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e)

     

     ☐

     6  

     Citizenship Or Place Of Organization

     

     Republic of Singapore

    NUMBER OF

    SHARES

    BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

     

        7    

     Sole Voting Power

     

     0

        8  

     Shared Voting Power

     

     493,288,484(1)

        9  

     Sole Dispositive Power

     

     0

       10  

     Shared Dispositive Power

     

     493,288,484(1)

    11    

     Aggregate Amount Beneficially Owned By Each Reporting Person

     

     493,288,484(1)

    12  

     Check if the Aggregate Amount In Row (11) Excludes Certain Shares

     

     ☐

    13  

     Percent Of Class Represented By Amount In Row (11)

     

     34.2%(2)(3)

    14  

     Type of Reporting Person

     

     CO

     

    (1)

    Includes 16,000,000 Class A Shares issuable upon conversion of the 0.25% Convertible Senior Notes due 2029.

    (2)

    Based on 1,426,391,679 Class A Shares outstanding, comprising 1,511,590,567 Class A Shares outstanding as of March 31, 2024, less 85,198,888 Class A Shares held by JPMorgan Chase Bank, N.A., as depositary, which are reserved for future delivery upon exercise or vesting of share awards granted under the Issuer’s share incentive plans, as set forth in the Issuer’s 2023 Form 20-F.

    (3)

    43,590,336 Class B Shares were disclosed as outstanding as of March 31, 2024 as set forth in the Issuer’s 2023 Form 20-F. On that basis, with respect to (i) the election of a simple majority of the Issuer’s directors and (ii) any change to the Issuer’s articles of association that would adversely affect the rights of the holders of Class B Shares, at general meetings of shareholders, each Class A Share is entitled to one vote per share, and each Class B Share is entitled to 20 votes per share, and accordingly, the Class A Shares deemed to be beneficially owned by the Reporting Persons as of May 29, 2024 represented approximately 21.3% of the aggregate voting power on such matters with Class A Shares and Class B Shares voting on a 1:20 basis. With respect to any other matters at general meetings of shareholders, each Class A Share is entitled to one vote, and each Class B Share is entitled to one vote, and accordingly, the Class A Shares deemed to be beneficially owned by the Reporting Persons as of May 29, 2024 represented approximately 33.2% of the aggregate voting power on such matters with Class A Shares and Class B Shares voting on a 1:1 basis.


    CUSIP No. 36165L108    Page 3 of 7

     

     1    

      Names of Reporting Persons

     

     STT Garnet Pte. Ltd.

     2  

     Check the Appropriate Box if a Member of a Group

     (a) ☐  (b) ☐

     

     3  

     SEC Use Only

     

     4  

     Source Of Funds

     

     AF

     5  

     Check If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e)

     

     ☐

     6  

     Citizenship Or Place Of Organization

     

     Republic of Singapore

    NUMBER OF

    SHARES

    BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

     

        7    

     Sole Voting Power

     

     0

        8  

     Shared Voting Power

     

     493,288,484(1)

        9  

     Sole Dispositive Power

     

     0

       10  

     Shared Dispositive Power

     

     493,288,484(1)

    11    

     Aggregate Amount Beneficially Owned By Each Reporting Person

     

     493,288,484(1)

    12  

     Check if the Aggregate Amount In Row (11) Excludes Certain Shares

     

     ☐

    13  

     Percent Of Class Represented By Amount In Row (11)

     

     34.2%(2)(3)

    14  

     Type of Reporting Person

     

     CO

     

    (1)

    Includes 16,000,000 Class A Shares issuable upon conversion of the 0.25% Convertible Senior Notes due 2029.

    (2)

    Based on 1,426,391,679 Class A Shares outstanding, comprising 1,511,590,567 Class A Shares outstanding as of March 31, 2024, less 85,198,888 Class A Shares held by JPMorgan Chase Bank, N.A., as depositary, which are reserved for future delivery upon exercise or vesting of share awards granted under the Issuer’s share incentive plans, as set forth in the Issuer’s 2023 Form 20-F.

    (3)

    43,590,336 Class B Shares were disclosed as outstanding as of March 31, 2024 as set forth in the Issuer’s 2023 Form 20-F. On that basis, with respect to (i) the election of a simple majority of the Issuer’s directors and (ii) any change to the Issuer’s articles of association that would adversely affect the rights of the holders of Class B Shares, at general meetings of shareholders, each Class A Share is entitled to one vote per share, and each Class B Share is entitled to 20 votes per share, and accordingly, the Class A Shares deemed to be beneficially owned by the Reporting Persons as of May 29, 2024 represented approximately 21.3% of the aggregate voting power on such matters with Class A Shares and Class B Shares voting on a 1:20 basis. With respect to any other matters at general meetings of shareholders, each Class A Share is entitled to one vote, and each Class B Share is entitled to one vote, and accordingly, the Class A Shares deemed to be beneficially owned by the Reporting Persons as of May 29, 2024 represented approximately 33.2% of the aggregate voting power on such matters with Class A Shares and Class B Shares voting on a 1:1 basis.


    CUSIP No. 36165L108    Page 4 of 7

     

     1    

      Names of Reporting Persons

     

     STT GDC Pte. Ltd.

     2  

     Check the Appropriate Box if a Member of a Group

     (a) ☐  (b) ☐

     

     3  

     SEC Use Only

     

     4  

     Source Of Funds

     

     OO

     5  

     Check If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e)

     

     ☐

     6  

     Citizenship Or Place Of Organization

     

     Republic of Singapore

    NUMBER OF

    SHARES

    BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

     

        7    

     Sole Voting Power

     

     0

        8  

     Shared Voting Power

     

     0

        9  

     Sole Dispositive Power

     

     0

       10  

     Shared Dispositive Power

     

     0

    11    

     Aggregate Amount Beneficially Owned By Each Reporting Person

     

     0

    12  

     Check if the Aggregate Amount In Row (11) Excludes Certain Shares

     

     ☐

    13  

     Percent Of Class Represented By Amount In Row (11)

     

     0.0%

    14  

     Type of Reporting Person

     

     CO


    CUSIP No. 36165L108    Page 5 of 7

     

    Explanatory Note

    This Amendment No. 14 to Schedule 13D amends and supplements the Schedule 13D originally filed with the Commission on June 5, 2017 and amended on June 19, 2017, October 23, 2017, November 16, 2017, February 1, 2018, June 18, 2018, July 5, 2018, March 19, 2019, December 10, 2019, June 24, 2020, August 4, 2020, October 27, 2020, February 22, 2022 and December 12, 2023 (the “Statement”) relating to the Class A Ordinary Shares, par value $0.00005 per share (the “Class A Shares”), of GDS Holdings Limited, a Cayman Islands company (the “Issuer”), with its principal executive offices located at F4/F5, Building C, Sunland International, No. 999 Zhouhai Road, Pudong, Shanghai 200137, People’s Republic of China.

    Capitalized terms used but not defined herein have the meanings given to them in the Statement.

    Item 2. Identity and Background

    Item 2 of the Statement is hereby amended and restated in its entirety as follows:

    This Schedule 13D is filed jointly on behalf of Singapore Technologies Telemedia Pte Ltd, a company organized under the laws of the Republic of Singapore (“STT”), STT Communications Ltd, a company organized under the laws of the Republic of Singapore (“STTC”) and a wholly-owned subsidiary of STT, STT Garnet Pte. Ltd., a company organized under the laws of the Republic of Singapore (“STT Garnet”) and a wholly-owned subsidiary of STTC, and STT GDC Pte. Ltd., a company organized under the laws of the Republic of Singapore (“STT GDC” and, together with STT, STTC and STT Garnet, the “Reporting Persons”) and a wholly-owned subsidiary of STTC.

    The address of the principal business office of STT, STTC and STT Garnet is 1 Temasek Avenue, #33-01, Millenia Tower, Singapore 039192. The address of the principal business office of STT GDC is 3 Temasek Avenue, #28-01, Centennial Tower, Singapore 039190.

    The principal business of STT is providing management services, strategic investments specializing in communications & media, data centers and infrastructure technology businesses and investment holding. The principal business of STTC is providing management services, strategic investments specializing in communications & media, data centers and infrastructure technology businesses and investment holding. The principal business of STT Garnet is investment holding. The principal business of STT GDC is providing data center services through its portfolio of data centers globally, either directly or through investments in data center operating companies.

    The name, business address, present principal occupation and citizenship of the directors and executive officers of each of the Reporting Persons are set forth in Schedule A attached hereto, which is incorporated herein by reference.

    Neither the Reporting Persons nor, to the best knowledge of each of the Reporting Persons, any of the persons listed in Schedule A has, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in his or its being subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

    Item 3. Source and Amount of Funds or Other Consideration

    Item 3 of the Statement is hereby amended and supplemented by inserting the following:

    The information set forth in the first paragraph under “2024 Restructuring” of Item 4 below is incorporated herein by reference.


    CUSIP No. 36165L108    Page 6 of 7

     

    Item 4. Purpose of Transaction

    Item 4 of the Statement is hereby amended and supplemented by inserting the following:

    2024 Restructuring

    On May 29, 2024, in connection with an internal portfolio rationalization by STT GDC, all the Class A Shares and 0.25% Convertible Senior Notes due 2029 previously held by STT GDC were transferred to STT Garnet, a wholly-owned subsidiary of STTC (the “Restructuring”). As a result of the Restructuring, STT GDC ceased to be the beneficial owner of any securities of the Issuer.

    In connection with the transfer of the 0.25% Convertible Senior Notes due 2029 to STT Garnet, STT Garnet entered into a joinder agreement, dated May 29, 2024, with the Issuer pursuant to which STT Garnet is accorded with all rights and undertakes to perform and comply with the obligations of a noteholder under the 0.25% Convertible Senior Notes due 2029. Further, in connection with the Restructuring, the Issuer, STT GDC and STT Garnet entered into an investor rights assignment agreement, dated as of May 29, 2024, pursuant to which STT GDC assigned its registration rights under the February 2022 Amended June 2020 IRA and its information rights under the Information Rights Letter to STT Garnet. On May 29, 2024, STT Garnet also executed a deed of adherence under which STT Garnet covenanted to observe, perform and be bound by all applicable terms and conditions of the February 2022 Amended June 2020 IRA.

    The descriptions of the above mentioned joinder agreement, investor rights assignment agreement and deed of adherence do not purport to be complete and are subject to, and qualified in their entirety by, the full text of such documents attached hereto as Exhibits 99.2, 99.3 and 99.4, respectively, and incorporated herein by reference.

    Item 5. Interest in Securities of the Issuer

    Item 5 of the Statement is amended and restated in its entirety as follows:

    (a)-(b) STT, through its ownership of STTC and STT Garnet, is deemed for purposes of Rule 13d-3 under the Exchange Act to be the beneficial owner of 493,288,484 Class A Shares, including 16,000,000 Class A Shares issuable upon conversion of the 0.25% Convertible Senior Notes due 2029, or approximately 34.2% of the outstanding Class A Shares, and to have shared power over the voting and disposition of such Class A Shares, as of May 29, 2024.

    STTC, through its ownership of STT Garnet, is deemed for purposes of Rule 13d-3 under the Exchange Act to be the beneficial owner of 493,288,484 Class A Shares, including 16,000,000 Class A Shares issuable upon conversion of the 0.25% Convertible Senior Notes due 2029, or approximately 34.2% of the outstanding Class A Shares, and to have shared power over the voting and disposition of such Class A Shares, as of May 29, 2024.

    STT Garnet directly owns 493,288,484 Class A Shares (directly or in the form of ADSs), including 16,000,000 Class A Shares issuable upon conversion of the 0.25% Convertible Senior Notes due 2029, or approximately 34.2% of the outstanding Class A Shares, and has shared power over the voting and disposition of such Class A Shares, as of May 29, 2024.


    CUSIP No. 36165L108    Page 7 of 7

     

    The foregoing percentage of beneficial ownership of the Reporting Persons is calculated by dividing (i) the 493,288,484 Class A Shares deemed to be beneficially owned by each of the Reporting Persons by (ii) 1,426,391,679 Class A Shares outstanding, comprising 1,511,590,567 Class A Shares outstanding as of March 31, 2024, less 85,198,888 Class A Shares held by JPMorgan Chase Bank, N.A., as depositary, which are reserved for future delivery upon exercise or vesting of share awards granted under the Issuer’s share incentive plans, as set forth in the Issuer’s 2023 Form 20-F, plus 16,000,000 Class A Shares issuable upon conversion of the 0.25% Convertible Senior Notes due 2029.

    43,590,336 Class B Shares were disclosed as outstanding as of March 31, 2024 as set forth in the Issuer’s 2023 Form 20-F. On that basis, the Class A Shares deemed to be beneficially owned by the Reporting Persons as of May 29, 2024 represented approximately 21.3% of the aggregate voting power on the matters with Class A Shares and Class B Shares voting on a 1:20 basis described herein and approximately 33.2% of the aggregate voting power on the matters with Class A Shares and Class B Shares voting on a 1:1 basis described herein.

    To the knowledge of the Reporting Persons, the directors and executive officers of the Reporting Persons listed in Schedule A hereto beneficially own in the aggregate less than 1% of the Issuer’s outstanding Class A Shares (directly or indirectly in the form of ADSs) as of May 29, 2024, based on 1,426,391,679 Class A Shares outstanding, comprising 1,511,590,567 Class A Shares outstanding as of March 31, 2024, less 85,198,888 Class A Shares held by JPMorgan Chase Bank, N.A., as depositary, which are reserved for future delivery upon exercise or vesting of share awards granted under the Issuer’s share incentive plans, as set forth in the Issuer’s 2023 Form 20-F.

    (c)  There have been no transactions by the Reporting Persons or, to the knowledge of the Reporting Persons, any director or executive officer of any of the Reporting Persons in the Class A Shares of the Issuer (directly or in the form of ADSs) during the past sixty days.

     

    (d)

    Not applicable.

     

    (e)

    Not applicable.

    Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

    Item 6 of the Statement is hereby amended and supplemented by inserting the following:

    The information set forth in the second and third paragraphs under “2024 Restructuring” of Item 4 above is incorporated herein by reference.

    Item 7. Material to be Filed as Exhibits

     

    Exhibit

      

    Description

    99.1    Joint Filing Agreement, dated May 29, 2024, among STT, STTC, STT Garnet and STT GDC.
    99.2    Form of Joinder Agreement (incorporated by reference to Exhibit B of the Form of Convertible Note Instrument included as Exhibit 4.5 of the current report on Form 6-K furnished by the Issuer to the Commission on February 22, 2022).
    99.3    Investor Rights Assignment Agreement, dated as of May 29, 2024, among the Issuer, STT GDC and STT Garnet.
    99.4    Deed of Adherence, dated May 29, 2024, of STT Garnet.


    SIGNATURE

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.

    Date: May 29, 2024

     

    SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD
    By:  

    /s/ Chan Jen Keet

      Name: Chan Jen Keet
      Title: Company Secretary
    STT COMMUNICATIONS LTD
    By:  

    /s/ Chan Jen Keet

      Name: Chan Jen Keet
      Title: Company Secretary
    STT GARNET PTE. LTD.
    By:  

    /s/ Chan Jen Keet

      Name: Chan Jen Keet
      Title: Company Secretary
    STT GDC PTE. LTD.
    By:  

    /s/ Bruno Lopez

      Name: Bruno Lopez
      Title: Director


    SCHEDULE A

    The name, present principal occupation and business address of each director and executive officer of the Reporting Persons is set forth below.

    The following is a list of the directors and executive officers of STT:

     

    Name, Business Address and Position

      

    Present Principal Occupation

      

    Citizenship

    Teo Ek Tor

    16 Collyer Quay #10-00

    Income at Raffles

    Singapore 049318

     

    (Chairman and Director, STT)

       Corporate Director    Singaporean

    Sio Tat Hiang

    3 Temasek Avenue #28-01

    Centennial Tower

    Singapore 039190

     

    (Director, STT)

       Corporate Director    Singaporean

    Stephen Geoffrey Miller

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Director, STT)

       President & Group CEO, STT and STTC    Australian

    Bruno Lopez

    3 Temasek Avenue #28-01

    Centennial Tower

    Singapore 039190

     

    (Director, STT)

       Deputy CEO, STT and STTC &
    President & Group CEO, STT GDC
       Singaporean

    Ravi Lambah

    60B Orchard Road

    #06-18 Tower 2

    The Atrium@Orchard

    Singapore 238891

     

    (Director, STT)

       Corporate Director    Maltese


    Name, Business Address and Position

      

    Present Principal Occupation

      

    Citizenship

    Lim Ming Seong

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Director, STT)

       Corporate Director    Singaporean

    Liu Chee Ming

    21/F LHT Tower

    31 Queen’s Road Central

    Hong Kong

     

    (Director, STT)

      

    Group Managing Director,

    Platinum Securities Company Limited

       Singaporean

    Justin Weaver Lilley

    5729 Potomac Ave., NW

    Washington, DC 20016

    USA

     

    (Director, STT)

       President, Telemedia Policy Corporation    American

    Vicente S. Perez, Jr.

    24 Raffles Place #27-01

    Singapore 048621

     

    (Director, STT)

       Corporate Director    Filipino

    Cheng Ai Phing

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Director, STT)

       Corporate Director    Singaporean

    Steven Terrell Clontz

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Senior Executive Vice President — International, STT)

      

    Senior Executive Vice President —

    International, STT and STTC

       American


    Name, Business Address and Position

      

    Present Principal Occupation

      

    Citizenship

    Lim Beng Hoe

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Chief of Organisation Development &

    Senior Executive Vice President, STT)

      

    Chief of Organisation Development &

    Senior Executive Vice President,

    STT and STTC

       Singaporean

    Johnny Ong Seng Huat

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Chief Financial Officer &

    Senior Executive Vice President, STT)

      

    Chief Financial Officer &

    Senior Executive Vice President,

    STT and STTC

       Singaporean


    The following is a list of the directors and executive officers of STTC:

     

    Name, Business Address and Position

      

    Present Principal Occupation

      

    Citizenship

    Teo Ek Tor

    16 Collyer Quay #10-00

    Income at Raffles

    Singapore 049318

     

    (Chairman and Director, STTC)

      

    Corporate Director

      

    Singaporean

    Peter Seah Lim Huat

    12 Marina Boulevard

    Marina Bay Financial Centre

    Tower 3 Level 45

    Singapore 018982

     

    (Deputy Chairman and Director, STTC)

      

    Corporate Director

      

    Singaporean

    Sio Tat Hiang

    3 Temasek Avenue #28-01

    Centennial Tower

    Singapore 039190

     

    (Deputy Chairman and Director, STTC)

      

    Corporate Director

      

    Singaporean

    Stephen Geoffrey Miller

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Director, STTC)

      

    President & Group CEO, STT and STTC

      

    Australian

    Bruno Lopez

    3 Temasek Avenue #28-01

    Centennial Tower

    Singapore 039190

     

    (Director, STTC)

       Deputy CEO, STT and STTC &
    President & Group CEO, STT GDC
      

    Singaporean

    Ravi Lambah

    60B Orchard Road

    #06-18 Tower 2

    The Atrium@Orchard

    Singapore 238891

     

    (Director, STTC)

      

    Corporate Director

      

    Maltese


    Name, Business Address and Position

      

    Present Principal Occupation

      

    Citizenship

    Lim Ming Seong

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Director, STTC)

      

    Corporate Director

      

    Singaporean

    Liu Chee Ming

    21/F LHT Tower

    31 Queen’s Road Central

    Hong Kong

     

    (Director, STTC)

      

    Group Managing Director,

    Platinum Securities Company Limited

      

    Singaporean

    Justin Weaver Lilley

    5729 Potomac Ave., NW

    Washington, DC 20016

    USA

     

    (Director, STTC)

      

    President, Telemedia Policy Corporation

      

    American

    Vicente S. Perez, Jr.

    24 Raffles Place #27-01

    Singapore 048621

     

    (Director, STTC)

      

    Corporate Director

      

    Filipino

    Cheng Ai Phing

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Director, STT)

      

    Corporate Director

      

    Singaporean

    Steven Terrell Clontz

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Senior Executive Vice President — International, STTC)

      

    Senior Executive Vice President —

    International, STT and STTC

      

    American

    Lim Beng Hoe

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Chief of Organisation Development &

    Senior Executive Vice President, STTC)

      

    Chief of Organisation Development &

    Senior Executive Vice President,

    STT and STTC

      

    Singaporean


    Name, Business Address and Position

      

    Present Principal Occupation

      

    Citizenship

    Johnny Ong Seng Huat

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Chief Financial Officer &

    Senior Executive Vice President,

    STTC)

      

    Chief Financial Officer &

    Senior Executive Vice President,

    STT and STTC

      

    Singaporean


    The following is a list of the directors and executive officers of STT Garnet:

     

    Name, Business Address and Position

      

    Present Principal Occupation

      

    Citizenship

    Stephen Geoffrey Miller

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Director, STT Garnet)

       President & Group CEO, STT and STTC    Australian

    Lee Aik Ghee

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Director, STT Garnet)

       Head of Corporate Development & Executive Vice President, STT and STTC    Singaporean

    The following is a list of the directors and executive officers of STT GDC:

     

    Name, Business Address and Position

      

    Present Principal Occupation

      

    Citizenship

    Teo Ek Tor

    16 Collyer Quay #10-00

    Income at Raffles

    Singapore 049318

     

    (Director, STT GDC)

       Corporate Director    Singaporean

    Stephen Geoffrey Miller

    1 Temasek Avenue #33-01

    Millenia Tower

    Singapore 039192

     

    (Director, STT GDC)

       President & Group CEO, STT and STTC    Australian

    Bruno Lopez

    3 Temasek Avenue #28-01

    Centennial Tower

    Singapore 039190

     

    (Director, STT GDC)

       Deputy CEO, STT and STTC &
    President & Group CEO, STT GDC
       Singaporean

    Jonathan Allen King

    3 Temasek Avenue #28-01

    Centennial Tower

    Singapore 039190

     

    (Group Chief Strategy & Investment Officer, STT GDC)

       Group Chief Strategy & Investment Officer, STT GDC    Australian


    Name, Business Address and Position

      

    Present Principal Occupation

      

    Citizenship

    Lim Yueh Hua Nelson

    3 Temasek Avenue #28-01

    Centennial Tower

    Singapore 039190

     

    (Group Chief Financial Officer, STT GDC)

       Group Chief Financial Officer, STT GDC    Singaporean

    Daniel Thomas Pointon

    3 Temasek Avenue #28-01

    Centennial Tower

    Singapore 039190

     

    (Group Chief Technology Officer, STT GDC)

       Group Chief Technology Officer, STT GDC    Australian

    Thomas Ee Chong Gay

    3 Temasek Avenue #28-01

    Centennial Tower

    Singapore 039190

     

    (Group Chief Operating Officer, STT GDC)

       Group Chief Operating Officer, STT GDC    Singaporean
    Get the next $GDS alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $GDS

    DatePrice TargetRatingAnalyst
    3/20/2025$53.00Outperform → Strong Buy
    Raymond James
    3/18/2025$45.00Hold → Buy
    Jefferies
    2/25/2025$26.00 → $37.00Outperform → Sector Perform
    RBC Capital Mkts
    2/24/2025$27.06 → $45.00Buy → Hold
    Jefferies
    2/11/2025Neutral → Buy
    Daiwa Securities
    1/27/2025$35.00Mkt Outperform
    JMP Securities
    7/8/2024$13.00 → $14.00Sector Perform → Outperform
    RBC Capital Mkts
    7/7/2023$24.50 → $15.50Buy
    BofA Securities
    More analyst ratings

    $GDS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • GDS Holdings upgraded by Raymond James with a new price target

      Raymond James upgraded GDS Holdings from Outperform to Strong Buy and set a new price target of $53.00

      3/20/25 7:46:09 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • GDS Holdings upgraded by Jefferies with a new price target

      Jefferies upgraded GDS Holdings from Hold to Buy and set a new price target of $45.00

      3/18/25 7:51:57 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • GDS Holdings downgraded by RBC Capital Mkts with a new price target

      RBC Capital Mkts downgraded GDS Holdings from Outperform to Sector Perform and set a new price target of $37.00 from $26.00 previously

      2/25/25 7:08:39 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology

    $GDS
    SEC Filings

    See more
    • SEC Form 6-K filed by GDS Holdings Limited

      6-K - GDS Holdings Ltd (0001526125) (Filer)

      6/4/25 9:00:36 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • SEC Form 6-K filed by GDS Holdings Limited

      6-K - GDS Holdings Ltd (0001526125) (Filer)

      6/2/25 6:06:58 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • SEC Form 6-K filed by GDS Holdings Limited

      6-K - GDS Holdings Ltd (0001526125) (Filer)

      5/29/25 4:16:41 PM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology

    $GDS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by GDS Holdings Limited

      SC 13G/A - GDS Holdings Ltd (0001526125) (Subject)

      11/14/24 6:00:14 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • SEC Form SC 13D/A filed by GDS Holdings Limited (Amendment)

      SC 13D/A - GDS Holdings Ltd (0001526125) (Subject)

      5/29/24 8:54:58 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • SEC Form SC 13G filed by GDS Holdings Limited

      SC 13G - GDS Holdings Ltd (0001526125) (Subject)

      2/14/24 6:00:20 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology

    $GDS
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • GDS to Hold Annual General Meeting on June 26, 2025

      SHANGHAI, China, June 04, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698)), a leading developer and operator of high-performance data centers in China, today announced that it will hold its 2025 Annual General Meeting of Shareholders (the "AGM") at Beijing Meeting Room, F5, Building C, Sunland International, No. 999 Zhouhai Road, Pudong, Shanghai, P.R.C. at 4:00 p.m. (China Standard Time) on June 26, 2025 (which is 4:00 a.m. (Eastern Daylight Time) on June 26, 2025). Holders of the Company's ordinary shares and Series A convertible preferred shares listed in the register of members of the Company at the close of business on J

      6/4/25 9:30:44 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • GDS Announces Closing of Offering of US$550 Million Convertible Senior Notes and Full Exercise of Option to Purchase Additional Notes

      SHANGHAI, China, May 30, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698)), a leading developer and operator of high-performance data centers in China, today announced the closing of its previously announced offering of 2.25% convertible senior notes in an aggregate principal amount of US$550 million due 2032 (the "Notes"), which amount reflects the exercise in full by the initial purchasers of their option to purchase an additional US$50 million in aggregate principal amount of the Notes (collectively, the "Notes Offering"). The Notes were offered in a private offering to persons reasonably believed to be qualified institution

      5/30/25 12:25:33 PM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • GDS Announces Closing of Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs

      SHANGHAI, China, May 30, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698)), a leading developer and operator of high-performance data centers in China, today announced the closing of a previously announced registered public offering of 6,000,000 American Depositary Shares ("ADSs"), each representing eight Class A ordinary shares, par value US$0.00005 per share (the "Delta Placement of Borrowed ADSs"), at a public offering price of US$24.50 per ADS (the "Delta Public Offering Price"), which the Company lent (such loaned ADSs, the "Borrowed ADSs") to an affiliate of the underwriter in the ADS offering (such affiliate, the "ADS Bo

      5/30/25 12:25:23 PM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology

    $GDS
    Leadership Updates

    Live Leadership Updates

    See more
    • GDS Announces Results of Annual General Meeting of Shareholders

      SHANGHAI, China, June 27, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced that it held its Annual General Meeting of Shareholders ("2024 AGM") on June 27, 2024. Each of the resolutions submitted to the shareholders for approval at the 2024 AGM has been approved. Specifically, the shareholders of the Company passed ordinary resolutions approving: Re-election of Mr. Lim Ah Doo as a director of the Company;Re-election of Mr. Chang Sun as a director of the Company;Re-election of Ms. Judy Qing Ye as a director of the

      6/27/24 7:20:04 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • GDS Appoints Jamie Khoo As CEO of GDS International

      SHANGHAI, China, March 26, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS", "GDSH" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced the appointment of Ms. Jamie Khoo, currently the Chief Operating Officer ("COO") of GDS, as the Chief Executive Officer ("CEO") of DigitalLand Holdings Limited ("GDS International" or "GDSI"), the holding company for GDS's international data center assets and operations. The appointment is effective at the closing of the Series A capital raise of GDS International which has been announced today. Concurrently, Jamie will step down as

      3/26/24 7:45:58 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • GDS Announces Changes to Board of Directors

      SHANGHAI, China, Dec. 07, 2023 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced, effective December 4, 2023, that Mr. Lee Choong Kwong, director of the board of directors ("Board"), resigned from the Board for personal reasons. The Company also announced the appointment of Mr. Liu Chee Ming to the Board as a director effective December 4, 2023. Mr. Liu has been appointed as a director by STT GDC Pte Ltd. pursuant to the exercise of its appointment right under the GDS Articles of Association. Mr. Liu has over 40 years

      12/7/23 5:00:40 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology

    $GDS
    Financials

    Live finance-specific insights

    See more
    • GDS Holdings Limited Reports First Quarter 2025 Results

      SHANGHAI, China, May 20, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698)), a leading developer and operator of high-performance data centers in China, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Net revenue increased by 12.0% year-over-year ("Y-o-Y") to RMB2,723.2 million (US$375.3 million) in the first quarter of 2025 (1Q2024: RMB2,432.2 million).Net income was RMB764.1 million (US$105.3 million) in the first quarter of 2025 (1Q2024: net loss of RMB344.9 million).Net income margin was 28.1% in the first quarter of 2025 (1Q2024: net loss

      5/20/25 7:28:00 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • GDS to Report First Quarter 2025 Financial Results Before the Open of the U.S. Market on May 20, 2025

      SHANGHAI, China, May 07, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698)), a leading developer and operator of high-performance data centers in China, today announced that it will report its first quarter 2025 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on May 20, 2025. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, May 20, 2025 (8:00 PM Hong Kong Time on the same day). Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon re

      5/7/25 7:00:29 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology
    • GDS to Report Fourth Quarter and Full Year 2024 Financial Results Before the Open of the U.S. Market on March 19, 2025

      SHANGHAI, China, March 05, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698)), a leading developer and operator of high-performance data centers in China, today announced that it will report its fourth quarter and full year 2024 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on March 19, 2025. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, March 19, 2025 (8:00 PM Hong Kong Time on the same day). Participants should complete online registration using the link provided below at least 15 minutes before the schedu

      3/5/25 6:00:10 AM ET
      $GDS
      Computer Software: Programming Data Processing
      Technology