Benzinga | Aug 6, 2021 08:33AM EDT

21Vianet Chairman Announces Beacon Capital Group Entered Agreements With Tuspark Innovation Venture Limited To Purchase 17,140,898 Class A Shares For $50M From Tuspark

21Vianet Group, Inc. (NASDAQ:VNET) ("21Vianet" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that Mr. Josh Sheng Chen, the Company's Founder and Executive Chairman of the Board, has informed the Company that Beacon Capital Group Inc., a company controlled by Mr. Chen, has entered into agreements with Tuspark Innovation Venture Limited ("Tuspark"), pursuant to which Beacon Capital Group Inc. will purchase from Tuspark 17,140,898 Class A ordinary shares of the Company for an aggregate purchase price of approximately US$50 million. The purchase price will be at US$2.917 per ordinary share, or US$17.502 per American depository share ("ADS").