GDS Holdings Ltd is considering raising around RM10bil in loans for its data centre operation in Malaysia, people familiar with the matter say, in what would be one of the largest financing for such a project in Asia.
GDS is working with banks to arrange for the borrowing that will be used to build out operations of its unit GDS International in Malaysia, the people said, asking not to be named discussing a private matter.
The Shanghai-based company is also considering an initial public offering (IPO) of the unit as soon as next year, the people said.
Deliberations are at an early stage, and details including the loan and potential IPO plan could still change, the people said. A representative for GDS didn’t immediately respond to a request for comment.
GDS, which is listed in Hong Kong and New York, earlier raised several hundred million dollars this year for the unit by selling a stake. — Bloomberg
