10:31 AM EDT, 08/02/2024 (MT Newswires) -- GDS Holdings ( GDS ) is aiming to secure up to $1 billion in investment for its data center operations outside of China, following the recent successful fundraising effort for its Asia expansion, Bloomberg reported Friday, citing people with knowledge of the matter.

The company has engaged an adviser to attract global investors to help expand the operations of Singapore-based GDS International in Southeast Asia, the people reportedly said.

Discussions regarding the new fundraising are ongoing, and details, including the exact amount to be raised, are subject to change, Bloomberg reporting, citing the people.

The people said the company plans to maintain a significant minority ownership in the business, according to Bloomberg.

GDS did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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