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VNET Announces New Strategic Investors

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BEIJING, May 13, 2026 /PRNewswire/ — VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that PJ Millennium I Limited (“Buyer I”) and PJ Millennium II Limited (“Buyer II”, together with “Buyer I”, the “Buyers”) have entered into a share purchase agreement (the “Share Purchase Agreement”) with Success Flow International Investment Limited (“Success Flow”) and Choice Faith Group Holdings Limited (“Choice Faith”, together with “Success Flow”, the “Sellers”) to purchase from the Sellers in aggregate up to 650,424,192 Class A ordinary shares in the Company (the “Proposed Investment”), at a price of US$1.4486 per ordinary share in cash (which is equivalent to US$8.6914 per ADS). VNET also entered into a deed with the Buyers to provide certain representations and warranties and undertakings to the Buyers in connection with the Proposed Investment. The closing of the Proposed Investment is subject to conditions set forth in the Share Purchase Agreement, including approval by the shareholders of SDHG (as defined below), and is expected to take place in the fourth quarter of 2026.

Both Buyers are wholly-owned subsidiaries of PJ Millennium Limited Partnership (“PJ Millennium Partnership”). The general partner of PJ Millennium Partnership is Lochpine BG I GP Limited, which is a non-controlled and non-consolidated affiliate of Contemporary Amperex Technology Co., Limited (stock codes: 300750.SZ and 03750.HK).

Both Sellers are beneficially owned by Shandong Hi-Speed Holdings Group Limited (“SDHG”) (stock code: 00412.HK).

Immediately after the closing of the Proposed Investment, the Buyers will hold in aggregate approximately up to 38.1% of the total issued and outstanding shares of the Company, based on 1,708,149,858 ordinary shares issued and outstanding as of March 31, 2026. Under the Share Purchase Agreement, Seller B may dispose of up to 195,127,260 Class A ordinary shares held by it before the closing of the Proposed Investment, unless the Buyers require the closing in respect of all of such Class A ordinary shares to take place on or before September 15, 2026, subject to the terms and conditions of the Share Purchase Agreement.

Concurrently with the signing of the Share Purchase Agreement, the Buyers entered into an investor rights agreement with the Company (the “Investor Rights Agreement”) and a voting and consortium agreement (the “Voting and Consortium Agreement”) with Mr. Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET, and certain affiliated investment vehicles (collectively, the “Founder Parties”), both of which will become effective upon closing of the Proposed Investment. Pursuant to the Investor Rights Agreement, the Company will grant the Buyers certain investor rights and the Buyers will be restricted from transferring or otherwise disposing of certain Class A ordinary shares of the Company acquired in the Proposed Investment for a specified period, subject to terms and conditions of the Investor Rights Agreement. In addition, the Buyers undertake to take necessary actions to support the stability of control of the Company.

Pursuant to the Voting and Consortium Agreement, the Buyers will vote certain Class A ordinary shares of the Company acquired in the Proposed Investment at the shareholders’ meetings of the Company in accordance with any voting instructions provided by the Founder Parties for a specified period, subject to the terms and conditions of the Voting and Consortium Agreement.

“We are pleased to welcome our new strategic investors and greatly appreciate their strong support for VNET and our long-term vision. Looking ahead, we will work closely with our strategic partners to deepen collaboration across technology and supply chains, and to jointly advance original, end-to-end innovation across the next generation of the AIDC industry,” said Mr. Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET.

About VNET

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers’ internet infrastructure. Customers may locate their servers and equipment in VNET’s data centers and connect to China’s internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the consummation of the Proposed Investment; VNET’s goals and strategies; VNET’s liquidity conditions; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contact:

Xinyuan Liu
Tel: +86 10 8456 2121
Email: ir@vnet.com

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SOURCE VNET Group, Inc.

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Great Hearts Arizona Class of 2026 Earns $53.8 Million in Merit Scholarships, Achieves Top Academic Results

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Graduates Post Exceptional College-Going Rates, Strong STEM Interest, and Standout National Scholar Honors Across Phoenix Metro Schools

PHOENIX, July 28, 2026 /PRNewswire/ — Great Hearts Arizona announced that its Class of 2026 achieved one of the strongest academic and scholarship years in the network’s history, earning $53,813,709 in merit-based scholarships and posting exceptional results across GPA, SAT, ACT, and national scholar recognitions.

The 2026 graduating class includes 562 seniors across 12 Great Hearts upper-class academies in the Phoenix metro area, including in Anthem, Buckeye, Chandler, Gilbert, Goodyear, Peoria, Phoenix, and Scottsdale. Students earned an average weighted GPA of 4.14, an average SAT score of 1260 (232 points above the national average), and an average ACT score of 23.7 (4.3 points above the national average).

Ninety-four percent of Great Hearts seniors will immediately attend college, 78% received merit-based scholarships, and 57% plan to pursue STEM degrees. The Class of 2026 also includes six National Merit finalists, 19 National Merit commended students, and 90 National Scholars, continuing the network’s long-standing tradition of producing nationally recognized scholars.

This year’s results reflect the strength of the network’s classical, liberal arts model, said Dan Scoggin, Great Hearts co-founder.

“Our students continue to demonstrate that a Great Hearts education prepares them not only for college, but for a life of purpose, leadership, and intellectual curiosity,” Scoggin said. “The scholarship offers they earned reflect years of hard work, strong character, and the support of dedicated teachers who believe in their potential. We are incredibly proud of the Class of 2026.”

Great Hearts Arizona operates public, tuition-free academies focused on classical education, character formation, and high academic standards. The network serves thousands of students across the state and remains one of Arizona’s highest-performing public-school systems.

About Great Hearts
Great Hearts is a nonprofit and the nation’s largest provider of classical PK–12 education, serving more than 30,000 students across 52 brick‑and‑mortar academies in Arizona, Texas, and Louisiana, along with a national online academy. Great Hearts’ classical curriculum emphasizes advanced academics, languages, arts, and character formation rooted in Truth, Goodness, and Beauty. Learn more at greatheartsamerica.org.

Contact: Hayley Ringle
Phone: 602-499-0352
Email:Hayley@evolveprandmarketing.com

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SOURCE Great Hearts Arizona

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Hyperscale Data Bitcoin Treasury Reaches 1,106 Bitcoin Worth Approximately $71.7 Million

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LAS VEGAS, July 28, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced that, as of July 27, 2026, it held 1,106.0467 Bitcoin representing an aggregate value of approximately $71.7 million based on the Bitcoin closing price of $64,784 on July 27, 2026.

In aggregate, the Company’s wholly owned subsidiaries, Sentinum, Inc. (“Sentinum”) and Ault Capital Group, Inc. (“ACG”), held 1,106.0467 Bitcoin as of July 27, 2026. From July 20th through July 27, 2026, ACG purchased approximately 15.0000 Bitcoin in the open market. Based on the Bitcoin closing price of $64,784 on July 27, 2026, these collective holdings had an approximate market value of $71.7 million.

“Every Bitcoin we acquire further strengthens Hyperscale Data’s balance sheet and expands our financial flexibility,” stated Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. “A stronger and larger Bitcoin treasury gives us additional options to finance growth, pursue strategic opportunities, and create long-term value for our stockholders. We intend to continue building our Bitcoin position over time.”

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a hybrid private equity firm and operating company that acquires, finances, builds and actively manages businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

 

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SOURCE Hyperscale Data Inc.

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FCM Travel secures landmark 10-year global partnership with Arcadis

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LONDON, July 28, 2026 /PRNewswire/ — FCM Travel has re-signed global design and consultancy organisation Arcadis to an industry-defining 10-year contract.

The agreement represents a significant long-term commitment in the travel management sector and solidifies a partnership built on shared innovation and trust.

The new agreement not only advances strategic planning and programme value but also consolidates Arcadis’s travel, FCM Meetings & Events, and FCM Consulting services under a single partnership.

This long-term alignment means less time lost to admin, more energy on strategic planning, proactive solutions, and future-ready service. Both teams can prioritise user experience, tech, and sustainable programme value, with FCM actively supporting Arcadis at every step.

By signing a 10-year partnership, Arcadis signals a deliberate move to safeguard its travellers, data, and investments. The trust placed in FCM highlights the security and consistency clients need now – credibility, proven worldwide capability, and futureproofing with proven innovation.

“Securing a 10-year partnership with a global leader like Arcadis validates our ‘alternative’ mindset in the corporate travel space,” said Melissa Elf, Global Managing Director, FCM Travel.

“Forward-thinking multi-national enterprises want a partner who will challenge the status quo and evolve with them. This level of commitment allows the implementation of a strategic, long-view innovation plan that isn’t possible within standard three-year cycles.”

Arcadis has been an FCM customer for three years and travels to over 25 countries worldwide. With the FCM Platform, Arcadis gains access to predictive analytics, global standardisation, and integrated meetings, events, and consulting.

Jo Lloyd, Global Head of Account Management for FCM Consulting, said the extension proved the value of the company’s approach. “Going from a three-year deal to a ten-year deal is thanks to the journey FCM is on and the belief we have in working with customers for dual progression.”

Ian Spearing, Arcadis Director of Travel, said the 10-year agreement was a testament to FCM’s reputation and credibility.

“Our long-term partnership with FCM is a strategic investment in collaborative innovation and service excellence. By working together, we’re able to deliver scalable, sustainable growth and streamline our operations to efficiently meet our clients’ evolving needs.

“This agreement ensures our teams have the right tools and support to deliver high-quality outcomes, enabling us to work more effectively with our clients and strengthen our supplier relationships.”

“In a service-led travel industry, it’s also about pushing boundaries and challenging the status quo, progressively building our travel function as a value driver for the business, not just a cost.”

ENDS

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