TusHoldings Makes a Strategic Investment of USD 388 Million to 21Vianet Group to Jointly Develop the “Digital Industrial City”Print

Post Time：2016-05-24来源：Tus-Holdings

On May 23, 2016, TusHoldings and 21Vianet Group (NASDAQ Stock Code: VNET) signed a strategic investment agreement, based on which TusHoldings will invest, through its affiliated party, USD 388 million to 21Vianet and become a strategic shareholder of 21Vianet. After completion of such investment, TusHoldings will hold about 21.4% of the equities and about 51.0% of the voting rights of 21Vianet. 

According to the share subscription agreement, an affiliated party of TusHoldings will totally invest USD 388 million to 21Vianet with a share subscription price of about USD 2.712 per common share or USD 16.274 per American Depository Share (ADS). This investment will involve the 31,996,874 Class A common shares and the 111,053,390 Class B common shares to be issued. This trade will depend on satisfaction of conventional delivery conditions, and is expected to be completed in June 2016. TusHoldings agrees to subject the shares issued this time to equity transfer restrictions within 180 days after delivery. 

The strategic initiative of “implementing the Internet power strategy and quickening the construction of digital China” was clearly proposed in the national “13th Five-year Plan”. Under this background, TusHoldings, a leading scientific and technological service provider in China, brought forward the new mode of “digital industrial city”, i.e. to build an innovation ecosystem integrating high-tech industry, industrial parks and urban development based on TusHoldings’ global clustered innovation network and core digital technology and by means of the cross-industry and cross-region integrated smart city operation and service platform. 

21Vianet Group, the largest neutral Internet infrastructure service provider in China, brought forward the concept of “building new generation network space infrastructures of higher openness and innovation energy”, which was consistent with TusHoldings’ strategic layout of “digital industrial city”. In December 2015, at the World Internet Conference held in Wuzhen, TusHoldings and 21Vianet jointly created a “Belt and Road” Digital Economy Development Investment Fund with a value of ten billion US dollars.

On December 16, 2015, TusHoldings and 21Vianet jointly established the OEDF fund (Century Union “Belt and Road” Digital Economy Development Investment Fund).

After completion of this strategic investment, TusHoldings will list 21Vianet as a leading enterprise in the field of Tus Digital Industrial City and initiate the digital city network layout of TusHoldings. Wang Jiwu, board chairman of TusHoldings, expressed that TusHoldings would further coordinate and integrate such innovation resources as government, enterprises, colleges, research institutes, financial institutions, intermediary organs, trade companies and media, provide comprehensive supports for the business innovation and development of 21Vianet, promote clustered innovation in the field of digital industrial city, and make 21Vianet a leader in network infrastructure construction and operation in China and even the whole world as well as a main force for the implementation of the national strategy of “strong network country and digital China”.

[Extended Reading]

Established in 1996, 21Vianet Group (Full Name: Beijing 21Vianet Broadband Data Center Co., Ltd.) is one of the most influential network space infrastructure innovation service providers in the world as well as the largest neutral Internet infrastructure service provider in China. As the best inter-connection platform, 21Vianet is devoted to providing leading data center services, high-capacity transmission network services, neutral cloud operation, neutral mixed IT services and leading cloud acceleration CDN services. It has built an end-to-end network ecosystem. In April 2011, 21Vianet got listed in NASDAQ in USA (stock code: VNET). In March 2012, it was included as a constituent stock of NASDAQ global Internet index. In May 2016, it received a strategic investment of USD 388 million from TusHoldings. 

TusHoldings (Full Name: Tus-Holdings Co., Ltd.) is a large comprehensive enterprise established by Tsinghua University. Guided by the overall objective of “becoming a national leader and global model in the science and technology service industry”, TusHoldings has actively responded to the national strategy of innovation-driven development and brought into play the society service functions of Tsinghua University to build a science and technology innovation network system with over 100 innovation bases in the world. This Company also controls or holds the shares of over 200 listed or non-listed enterprises, such as Sound Environmental (Stock Code: 000826), Tus-Guhan (Stock Code: 000590), Unisplendour Corporation (Stock Code: 000938), ChineseALL (Stock Code: 300364) and Tus International (Stock Code on the Main Board of Hong Kong Stock Exchange: 00872.HK), with a total investment scale of more than RMB 50 billion.