DLA Piper represented China Ping An Insurance Overseas (Holdings) Co. Ltd. (Ping An Overseas) in entering into a definitive agreement to make an equity investment in the NASDAQ listed GDS Holdings Limited (GDS), a leading developer and operator of high-performance data centers in China.
Ping An Overseas paid a subscription price of US$150 million for convertible preferred shares in GDS.
GDS is a leading developer and operator of high-performance data centers in China. The Company’s facilities are strategically located in China’s primary economic hubs where demand for high-performance data center services is concentrated.
DLA Piper advised China Ping An Insurance Overseas with a team including James Chang (Picture), Alex Ye, Shenglan Jin, David Zhang, Alec Fraser and Edward Johnsen.
Law Firms: DLA Piper;
Clients: Ping An Insurance Company;