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Dongyangguang has unveiled its ambitious plan to directly and indirectly acquire a 70% stake in Dongshu No.1 through the issuance of shares. Additionally, the company intends to issue shares to a select group of no more than 35 specific investors to garner the necessary supporting funds. Prior to this transaction, Dongyangguang already possessed a 30% stake in Dongshu No.1. Once the deal is finalized, Dongyangguang is poised to directly and indirectly hold the entirety of Dongshu No.1's stake, thereby indirectly achieving full ownership of Chindata. It is noteworthy that Dongyangguang's original business portfolio spans six key sectors, encompassing electronic components, liquid cooling technology, and embodied intelligence. This strategic foray into the IDC (Internet Data Center) sector is anticipated to unlock fresh avenues of profitability for the company.
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