The cost for a subsidiary of Contemporary Amperex Technology Co., Limited to buy VNET is 8.69 USD, $VNET.US . On September 21, 2026, VNET Group, Inc. announced the completion of a strategic investment. PJ Millennium I Limited and PJ Millennium II Limited acquired 650,424,192 Class A ordinary shares from Success Flow International Investment Limited and Choice Faith Group Holdings Limited. Both purchasing parties are wholly owned subsidiaries of PJ Millennium Limited Partnership, whose general partner is controlled by Lochpine Capital Limited, which is a non-controlling affiliated party of Contemporary Amperex Technology Co., Limited. Following the completion of this transaction, the purchasers will collectively hold approximately 38.1% of VNET’s total issued ordinary shares, based on 1,708,970,760 ordinary shares outstanding as of June 30, 2026. Simultaneously with the closing of this transaction, the Investor Rights Agreement between VNET and the purchasers, as well as the voting and joinder agreement among the purchasers, the Executive Chairman Josh Sheng Chen, and certain affiliated investment vehicles, became effective. The investors were granted rights to designate board seats, preemptive rights for new share issuances, and consent rights with respect to certain reserved matters, including the disposition of material assets, material investments exceeding RMB 300 million in any given year, and equity issuances involving 5% or more of the issued shares. The agreement includes registration rights provisions allowing the investors to request up to three mandatory registrations and to participate in any registrations that include them. VNET must file a resale shelf registration statement within the specified time period. The relevant shares are subject to transfer restrictions for the first 24 months following the closing date, except for limited circumstances such as transfers to permitted transferees or as collateral in good-faith financing.