VNET Group’s reported beneficial ownership stands at 11.4%, representing 195,127,260 Class A Ordinary Shares held through PJ Millennium entities. The stake matters to investors because the reporting persons are deemed to beneficially own the shares while stating they currently have no plans or proposals involving specified corporate actions.

Key Highlights

  • A Share Purchase Agreement dated May 13 covers 650,424,192 VNET Group Class A Ordinary Shares.
  • The agreement sets a purchase price of US$1.4486 per Class A Ordinary Share.
  • VNET Group has a reported 11.4% beneficial ownership position, representing 195,127,260 Class A Ordinary Shares held through PJ Millennium entities.

VNET Group, Inc. (NASDAQ: VNET) has a reported beneficial stake of 11.4%, representing 195,127,260 Class A Ordinary Shares.

650,424,192 Shares Covered by Agreement

The Share Purchase Agreement was entered into on May 13, 2026, between sellers and purchasers for an aggregate purchase of 650,424,192 Class A Ordinary Shares. The stated price is US$1.4486 per share. Each of the two PJ Millennium entities holds Class A Ordinary Shares, while PJ Millennium Limited Partnership may be deemed to own those holdings beneficially.

No Current Plans for Specified Corporate Actions

They reserve the right to change those plans or intentions at any time, subject to applicable law and the transaction documents. The reported holdings represent the shares disclosed by the reporting persons.