Buyers acquire 38.1% stake in VNET, a top Chinese data center provider, in a major share purchase deal.

VNET Group, a leading internet data center services provider in China, announced the completion of a significant share purchase where PJ Millennium I and II Limited acquired over 650 million Class A shares from Success Flow International and Choice Faith Group. This transaction gives the buyers a 38.1% ownership stake in VNET. The deal also activated new investor rights and voting agreements involving VNET's founder and key stakeholders. This move could influence VNET's strategic direction and strengthen its position in the expanding Chinese data center market.

Following VNET's announcement of a major strategic investment closing, the company's shares are currently trading at USD 6.66 on Pluang as of Sep 21, 2026 17:02 WIB. The stock has seen a positive 1-day change of 2.15%, with a market capitalization of $1.86 billion. Investors on Pluang typically hold VNET shares for about 15 days, reflecting moderate trading activity.