Tecdo Unveils Plans to Issue Shares for Equity Acquisition, Including in East Data No.1, with an 8.05 Billion Yuan Deal
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Author:小编   

On June 15, Tecdo (600673.SH) formally announced a draft proposal outlining its acquisition strategy for Chindata. The plan entails directly and indirectly acquiring a 70% stake in East Data No.1 through the issuance of shares, with the total transaction value amounting to 8.05 billion yuan. Additionally, Tecdo intends to issue shares to a maximum of 35 specific investors to raise supplementary funds (matching funds) not exceeding 8 billion yuan. Upon completion of the transaction, Tecdo will indirectly own 100% of the equity in Chindata. This strategic move is designed to bolster its operational capabilities in computing power, enhance its comprehensive AI industry chain layout, and expedite its transformation and upgrading into a high-tech enterprise within the AI sector.