GDHEC CO.,LTD(SH:600673) Sou Hu Cai Jing·2025-09-11 01:51Core Viewpoint - Dongyangguang plans to jointly increase capital in a joint venture to acquire 100% equity of Qinhuai Data China for a total transaction price of 28 billion RMB [1][2][5]. Group 1: Transaction Details - Dongyangguang and Shenzhen Dongyangguang Industrial signed a capital increase agreement with Dongshu No. 1, intending to increase capital by 3.5 billion RMB and 4 billion RMB, respectively, resulting in shareholdings of 46.6654% and 53.3332% in Dongshu No. 1 after completion [2]. - The capital raised will be invested in Dongchuang Future Data Co., Ltd., which will then use the funds to acquire 100% equity of Qinhuai Data China through its subsidiary Dongshu No. 3 [2][3]. - The acquisition price for Qinhuai Data China is set at 28 billion RMB, with the transaction involving multiple entities including Dongyangguang, its affiliates, and subsidiaries [2][3][6]. Group 2: Company Background and Market Position - Qinhuai Data is a leading independent data center operator in China, previously listed in the US, and was privatized by Bain Capital at a price of 8.60 USD per ADS, totaling approximately 22.8 billion RMB [5]. - The company specializes in large-scale computing infrastructure solutions and has established a significant presence in key regions such as the Beijing-Tianjin-Hebei area, Yangtze River Delta, and Guangdong-Hong Kong-Macao [5]. - The market value of Qinhuai Data's business in China was assessed at approximately 29.09 billion RMB as of May 31, 2025 [6]. Group 3: Strategic Value of the Transaction - The acquisition allows Dongyangguang to quickly enter the high-growth data center sector and optimize its asset and resource allocation [7]. - The collaboration with Qinhuai Data is expected to enhance Dongyangguang's capabilities in liquid cooling technology, electronic components, and intelligent robotics, strengthening its competitive position in the digital economy infrastructure supply chain [7].