Fangda assists VNET in successfully issuing USD430 million convertible notes

Beijing VNET Broadband Data Center Co., Ltd. (Nasdaq: VNET) recently completed the successful issuance of USD430 million convertible notes. Fangda Partners acted as the PRC legal counsel to the sole bookrunner and lead underwriter, providing comprehensive legal services throughout the transaction.

Founded in 1996, VNET Group is a leading technology-driven digital infrastructure company and the first IDC (Internet Data Center) company in China to be listed on the U.S. stock market. As a key player in China’s IDC industry, VNET Group has pioneered a dual-engine growth strategy by simultaneously developing both “campus-based” and “urban-based” IDC businesses.

The Fangda team was led by partners Jeffrey Ding, Christian Peng and Wei Jianbo. Key team members included counsel Cassie Chang, as well as associates Zoe Hu, Oscar Chen, Irene Li and Felix Guan.