21Vianet Group arranges $296.02 million private placement of its stock

Investors Kingsoft, Xiaomi and Temasek buy 98,672,080 ordinary shares

By Devika Patel

Knoxville, Tenn., Dec. 1 – 21Vianet Group, Inc. said it plans a $296.02 million private placement of stock with Kingsoft Corp. Ltd., Xiaomi Corp. and Temasek.

The company will sell 98,672,080 ordinary shares at $3.00 apiece. The price per share is an 84.05% discount to the Nov. 28 closing share price of $18.82.

Kingsoft will invest $172.01 million by buying 57,337,393 shares. Xiaomi will invest $50 million by buying 16,666,667 shares. Temasek will invest $74 million by buying 24,668,020 shares.

21Vianet Group is a Beijing-based internet data center services provider.

Issuer:	21Vianet Group, Inc.
Issue:	Ordinary shares
Amount:	$296,016,240
Shares:	98,672,080
Price:	$3.00
Warrants:	No
Investors:	Kingsoft Corp. Ltd. (for $172,012,179), Xiaomi Corp. (for $50 million) and Temasek (for $74,004,060)
Pricing date:	Dec. 1
Stock symbol:	Nasdaq: VNET
Stock price:	$18.82 at close Nov. 28
Market capitalization:	$1.3 billion

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