ST Telemedia eyeing sale of GDS Holdings stake -reports

ST Telemedia, backed by Singapore state investor Temasek, is considering selling its stake in Chinese data center operator GDS Holdings (9698), Bloomberg News reported, citing people familiar with the matter.

The Singapore-headquartered firm owns nearly 34 percent of GDS’ Class A shares, equal to about 20 percent of total voting rights, according to the company’s latest annual report.

It has reached out to potential buyers for the entire holding, the report said.

STAFF REPORTER