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Tungkung: Unveils Plans for Joint Capital Increase in Joint Venture with Related Entities to Acquire 100% Ownership of Chindata Group China
4 day ago /
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Author：小编
On September 10, 2025, Tungkung made a public announcement stating its intention to participate in a joint capital increase for Dongshu No.1 alongside its related entity, Shenzhen Tungkung Industry. The respective contributions to the capital increase are set at RMB 3.5 billion and RMB 4 billion. Following the completion of this capital injection, Dongshu No.1 is poised to acquire a 100% equity stake in Chindata Group China. This acquisition will be executed through Dongshu No.1's wholly-owned subsidiary, Dongshu No.3, at a transaction value of RMB 28 billion. Once the deal is finalized, Tungkung will emerge as a shareholder of Dongshu No.1, thereby indirectly securing a stake in Chindata Group China.
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