Chindata Group Holdings

Chindata Group Holdings Ltd. engages in the operation of internet data centers. It provides carrier-neutral hyperscale data center solutions in Asia-Pacific emerging markets, focusing on the China, India and Southeast Asia markets. The company was founded by Jing Ju in 2015 and is headquartered in Beijing, China.

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Chindata Group is the carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, focusing on China, India and Southeast Asia markets. By providing top technology companies with centralized, standardized, and modular data centers solution, Chindata Group has built a full-stack and whole life-cycle partnership with customers from planning, design, construction, to operation and maintenance, as well as devoted itself to satisfying the needs of the most ambitious and forward-looking enterprises in the world.

BEIJING, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced the completion of its merger (the “Merger”) with BCPE Chivalry Merger Sub Limited (“Merger Sub”), a wholly owned subsidiary of BCPE Chivalry Bidco Limited (“Parent”), pursuant to the previously announced agreement and plan of merger dated as of August 11, 2023 (the “Merger Agreement”), by and among the Company, Parent and Merger Sub. As a result of the Merger, the Company ceased to be a publicly traded company and became a wholly owned subsidiary of Parent.

Chindata Group Announces Completion of Going Private Transaction

BEIJING, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that at an extraordinary general meeting of shareholders (the “EGM”) held today, the Company's shareholders voted in favor of, among other things, the proposal to authorize and approve the execution, delivery and performance of the previously announced agreement and plan of merger, dated as of August 11, 2023 (the “Merger Agreement”), among the Company, BCPE Chivalry Bidco Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Parent”), and BCPE Chivalry Merger Sub Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent (“Merger Sub”), and the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”), pursuant to which Merger Sub will be merged with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of the Parent (the “Merger”), and to authorize and approve the consummation of any and all transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger.

Chindata Group Announces Shareholders' Approval of Merger Agreement

LONDON , Oct. 24, 2023 /PRNewswire/ -- Chindata Group Holdings Limited ("Chindata Group" or "the Company") (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, came home with the Best Data Center Service Provider Award and the Best Data Center/Edge Service Innovation Award at the prestigious 2023 Global Carrier Awards (GCAs) held on October 18, 2023, in London. Celebrating innovation and excellence across the entire telecom ecosystem, the GCAs aims to recognize the industry's innovative technologies, outstanding projects, teams, and commendations, among others.

Chindata Scoops Two Data Center Category Prizes at Prestigious 2023 Global Carrier Awards in London

BEIJING, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it has called an extraordinary general meeting of shareholders (the “EGM”), to be held on December 4, 2023 at 10:30 a.m. (Beijing time), at No. 47 Laiguangying East Road, Chaoyang District, Beijing, People's Republic of China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the “Merger Agreement”), dated August 11, 2023, among the Company, BCPE Chivalry Bidco Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Parent”), and BCPE Chivalry Merger Sub Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent (“Merger Sub”), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”) and the transactions contemplated thereby, including the Merger (as defined below) (the “Transactions”).

Chindata Group to Hold Extraordinary General Meeting of Shareholders

BEIJING , Sept. 1, 2023 /PRNewswire/ -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in  Asia-Pacific emerging markets, announced its unaudited financial report for the second quarter of  2023 on August 31, 2023.

Chindata Reveals Impressive Revenue Leap of 49.7% in Its Unaudited Q2 2023 Financial Report

Chindata Group Holdings Limited (NASDAQ:CD ) Q2 2023 Earnings Conference Call August 31, 2023 8:00 AM ET Company Participants Don Zhou - Investor Relations Nick Wang - Chief Financial Officer Zoe Zhuang - Senior Vice President, Finance Conference Call Participants Yang Liu - Morgan Stanley Sara Wang - UBS Mingran Li - CICC Operator Good morning and good evening, ladies and gentlemen. Thank you for joining, and welcome to Chindata Group Holdings Limited Second Quarter 2023 Earnings Conference Call.

Chindata Group Holdings Limited (CD) Q2 2023 Earnings Call Transcript

BEIJING, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its unaudited financial results for the second quarter and half year 2023 ended June 30, 2023. To supplement the Company's consolidated financial results presented in accordance with U.S. GAAP, Chindata Group uses adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted net income margin as non-GAAP financial measures, which are described further below.

Chindata Group Reports Fiscal Year 2023 Second Quarter and Half Year Unaudited Financial Results

Bain Capital intends to privatize Chindata at an offer price of $8.60 per ADS. CD boasts a potential annualized return of more than +10%, assuming that the privatization transaction is closed by the end of 2023. I raise my rating for CD to a buy, after considering the merits of Chindata as an event-driven or special situations investment.

Chindata: All Eyes On Privatization (Rating Upgrade)

Baidu

GDS Hlds

China's updated accounting regulations will classify data resources as intangible assets or inventories, boosting the country's digital economy. The inclusion of data assets on balance sheets offers potential benefits, but will also lead to increased scrutiny from investors.

China's New Accounting Rules Will Have A Big Impact On Alibaba And Other U.S. Traded Chinese Companies

BEIJING , Aug. 23, 2023 /PRNewswire/ -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in emerging Asia-Pacific markets, launched a full-stack solution for data centers, addressing the power and cooling issues of high-computational servers at the Artificial Intelligence Generated Content (AIGC) era. The announcement came at the Data Center New Technology Development Forum during the 2023 China Computational Conference on August 18 in Yinchuan City, China.

Chindata Group Unveils Pioneering Full-Stack Solutions for Hyperscale Data Centers, Bolstering Energy Efficiency and Computational Prowess in the AIGC Era

BEIJING , Aug. 11, 2023 /PRNewswire/ -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with BCPE Chivalry Bidco Limited ("Parent") and BCPE Chivalry Merger Sub Limited, a wholly owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the "Merger"), in a transaction implying an equity value of the Company of approximately US$3.16 billion.

Chindata Group Enters into Definitive Agreement for "Going Private" Transaction

BEIJING , July 31, 2023 /PRNewswire/ -- Chindata Group, ("Chindata" or the "Company") (Nasdaq: CD), an industry leader in carrier-neutral hyperscale data center solutions, recently released its 2022 Environmental, Social, Governance (ESG) report, showing the Company's impressive achievements in ESG management and green transformation. Most notably, Chindata's annual operating power usage effectiveness (PUE), a standard efficiency metric for power consumption in data centers, reached 1.21, significantly better than the industry average.

Chindata Releases 2022 ESG Report Revealing Above Industry Average PUE of 1.21 with Accelerated Green Transformation

BEIJING, July 28, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it plans to release its unaudited second quarter 2023 financial results on Thursday, August 31, 2023, before the market opens. The Company will hold a conference call at 8:00 A.M. on Thursday, August 31, 2023, U.S. Eastern Time, or 8:00 P.M. Beijing time on the same day to discuss the financial results.

Chindata Group to Release Second Quarter 2023 Financial Results and Host a Conference Call on August 31, 2023

BEIJING, July 13, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that the special committee of its board of directors received a preliminary non-binding proposal letter from China Merchants Capital Holdings (International) Limited (“CMC”), to acquire all of the outstanding shares of the Company for US$4.6 per ordinary share (or US$9.2 per ADS) in cash.

Chindata Group Receives Non-Binding “Take Private” Proposal from CMC

BEIJING, June 20, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that the special committee (the “Special Committee”) of the Company's board of directors (the “Board”), formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated June 6, 2023 (the “Proposal”), has retained Citigroup Global Markets Asia Limited as its independent financial advisor and Gibson, Dunn & Crutcher as its U.S. legal counsel to assist it in this process.

Chindata Group Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee

BEIJING, June 08, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its board of directors (the “Board”) has formed a special committee (the “Special Committee”) consisting of three disinterested, independent directors, namely Mr. Thomas J. Manning, who will serve as the chairman of the Special Committee, and Mr. Gang Yu and Mr. Weili Hong, to evaluate and consider the previously announced preliminary non-binding proposal letter dated June 6, 2023 (the “Proposal”). The Special Committee intends to retain independent legal and financial advisors in due course to assist it in evaluating the proposal.

Chindata Group Announces Formation of Special Committee

A buyout proposal has been floated. A major shareholder is offering to take the company private at a nearly 30% premium to its closing price Tuesday.

Why Chindata Group Holdings Stock Rocketed 11% Higher Today

BEIJING , June 5, 2023 /PRNewswire/ -- Chindata Group, ("Chindata" or the "Company") (Nasdaq: CD), an industry leader in carrier-neutral hyperscale data center solutions, released its unaudited financial report for the first quarter ended March 31, 2023. To supplement the Company's consolidated financial results presented in accordance with U.S. GAAP, Chindata uses adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted net income margin as non-GAAP financial measures, which are described further below.

High Growth and High Profit, Chindata Group Announced 2023 Q1 Financial Report

The Chinese specialty tech company crushed its inaugural set of 2023 earnings. It also managed to grow both its top and bottom lines robustly.

Why Chindata Group Holdings Stock Soared 20% Higher This Week

Chindata's Q1 results arrived with earnings that handily beat the market's expectations. The company also raised its adjusted EBITDA target for the year.

Why Chindata Stock Is Soaring Today

Chindata Group Holdings Limited (NASDAQ:CD ) Q1 2023 Earnings Conference Call May 31, 2023 8:00 AM ET Company Participants Don Zhou - IR Nick Wang - CFO Zoe Zhuang - SVP, Finance Conference Call Participants Yang Liu - Morgan Stanley Sara Wang - UBS Mingran Li - CICC Edison Lee - Jefferies Operator Good morning, and good evening, ladies and gentlemen. Thank you for joining, and welcome to Chindata Group Holdings Limited First Quarter 2023 Earnings Conference Call.

Chindata Group Holdings Limited (CD) Q1 2023 Earnings Call Transcript

BEIJING, May 31, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced its unaudited financial results for the first quarter ended March 31, 2023. To supplement the Company's consolidated financial results presented in accordance with U.S. GAAP, Chindata Group uses adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and adjusted net income margin as non-GAAP financial measures, which are described further below.

Chindata Group Reports Fiscal Year 2023 First Quarter Unaudited Financial Results

BEIJING , May 11, 2023 /PRNewswire/ -- Chindata Group Holdings Limited, ("Chindata" or "the Group") (Nasdaq: CD), a leading provider of carrier-neutral hyperscale data center solutions in Asia-Pacific emerging markets, has again gained recognition from a distinguished international organization for its environmental, efficient, and zero-carbon construction efforts. The Group has been awarded the Data Center Design and Construction Award at the 2023 Datacloud Global Awards, recently held in Monaco.

Chindata Wins Data Center Design and Construction Award at the 2023 Datacloud Global Awards

BEIJING, May 08, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it plans to release its unaudited first quarter 2023 financial results on Wednesday, May 31, 2023, before the market opens. The Company will hold a conference call at 8:00 A.M. on Wednesday, May 31, 2023, U.S. Eastern Time, or 8:00 P.M. Beijing time on the same day to discuss the financial results.

Chindata Group to Release First Quarter 2023 Financial Results and Host a Conference Call on May 31, 2023

BEIJING, May 01, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission on April 28, 2023 US Eastern Time. The annual report can be accessed on the Company's investor relations website at https://investor.chindatagroup.com/.

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