BEIJING, Nov. 4, 2025 /PRNewswire/ — VNET Workforce, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a eminent carrier- and cloud-neutral web information heart services and products supplier in China, nowadays introduced that the Corporate has effectively issued a holding-type actual property inexperienced asset-backed safety underneath its newly-launched personal REIT (the “Private REIT Project”), marking a primary in China’s IDC business. The Non-public REIT Undertaking can be indexed at the Shanghai Keep Change as a standardized safety product. This leading edge special-purpose fairness scheme will empower VNET to revitalize its current IDC property and recycle capital to charity its capability growth and alternative basic company functions, date decreasing the Corporate’s leverage ratio and optimizing its capital construction.
Beneath the Non-public REIT Undertaking, VNET will switch a 100% fairness pastime in one in all its current retail IDC initiatives to a non-public REIT. 93% of this REIT can be subscribed by means of eminent home institutional buyers, together with China Pacific Insurance coverage (Workforce) Co., Ltd. (“CPIC”), date VNET will subscribe 7%. The entire providing measurement can be roughly RMB860 million, with fairness attention of roughly RMB800 million, implying a valuation of roughly 13x EV/EBITDA. Following the final touch of this transaction, VNET will handover because the issuer and originator for the personal REIT Undertaking and can stay answerable for the IDC undertaking’s operation to safeguard its wholesome long-term building. The Non-public REIT Undertaking has gained a G-1 score from an authoritative third-party analysis establishment, indicating that its virtue of proceeds and allocation of finances to inexperienced initiatives display exceptionally sturdy effectiveness and a particularly prime probability of accomplishing the said environmental targets. That is the perfect imaginable score within the related analysis gadget, underscoring VNET’s sturdy marketplace place and constancy to sustainable building.
“We are thrilled to pioneer the use of holding-type real estate green asset-backed securities in China’s IDC industry,” stated Josh Sheng Chen, Founder, Govt Chairperson and period in-between Important Govt Officer of VNET. “Our Private REIT Project represents a major breakthrough in green finance and asset securitization innovation that will enable VNET to set new benchmarks for high-quality, sustainable IDC development. With gratitude to CPIC and other leading domestic institutional investors for their support and confidence in VNET’s leadership and vision for a greener future, we look forward to propelling industry-wide progress in the AI era. Moving ahead, we anticipate undertaking additional capital recycling projects, creating lasting, long-term value for all stakeholders.”
The Non-public REIT Undertaking’s underlying information heart asset is a top class retail IDC undertaking situated in a tier-one town in China, the place call for for IDC services and products is strong and rising. Supported by means of top class community infrastructure, this IDC offer speedy information transmission and occasional latency, seamlessly assembly consumers’ call for for decent, top class services and products. Its high quality, unswerving buyer bottom, together with monetary establishments and web corporations, generates strong and predictable money tide.
About VNET
VNET Workforce, Inc. is a eminent carrier- and cloud-neutral web information heart services and products supplier in China. VNET supplies internet hosting and indistinguishable services and products, together with IDC services and products, cloud services and products, and trade VPN services and products to fortify the reliability, safety, and velocity of its consumers’ web infrastructure. Consumers would possibly find their servers and gear in VNET’s information facilities and join to China’s web spine. VNET operates in additional than 30 towns during China, servicing a varied and constant bottom of over 7,000 internet hosting and indistinguishable undertaking consumers that span diverse industries starting from web corporations to executive entities and blue-chip enterprises to small- to mid-sized enterprises.
Safeguard Harbor Commentary
This announcement accommodates forward-looking statements. Those forward-looking statements are made underneath the “safe harbor” provisions of the U.S. Non-public Securities Litigation Reform Business of 1995. Those statements will also be recognized by means of terminology corresponding to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and matching statements. Amongst alternative issues, quotations from control on this announcement in addition to VNET’s strategic and operational plans comprise forward-looking statements. VNET may additionally build written or oral forward-looking statements in its experiences filed with, or furnished to, the U.S. Securities and Change Fee, in its annual experiences to shareholders, in press releases and alternative written fabrics and in oral statements made by means of its officials, administrators or workers to 3rd events. Statements that aren’t ancient information, together with statements about VNET’s ideals and expectancies, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a few elements may just reason fresh effects to vary materially from the ones contained in any forward-looking commentary, together with however no longer restricted to refer to: VNET’s objectives and techniques; VNET’s liquidity situations; VNET’s growth plans; the anticipated enlargement of the knowledge heart services and products marketplace; expectancies relating to call for for, and marketplace acceptance of, VNET’s services and products; VNET’s expectancies relating to maintaining and beneficial its relationships with consumers; VNET’s plans to put money into analysis and building to support its resolution and repair choices; and basic financial and trade situations within the areas the place VNET supplies answers and services and products. Additional knowledge relating to those and alternative dangers is incorporated in VNET’s experiences filed with, or furnished to, the U.S. Securities and Change Fee. All knowledge supplied on this press drop is as of the moment of this press drop, and VNET undertakes negative responsibility to replace such knowledge, with the exception of as required underneath acceptable legislation.
Investor Family members Touch:
Xinyuan Liu
Tel: +86 10 8456 2121
E mail: [email protected]
SOURCE VNET Workforce, Inc.
