VNET closes strategic investment. VNET stock gains 1.86 percent

Published on 10/06/2026 at 13:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Buyers acquired 650,424,192 shares on September 21, 2026. VNET stock costs EUR 4.93 on October 6, 2026 after EUR 4.84, plus 1.86 percent.

VNET, US90138A1034, Illustration mit AI erstellt.

VNET Group (US90138A1034) was trading at EUR 4.93 at Lang & Schwarz on October 6, 2026 at 1:42 p.m. CEST, up 1.86 percent versus the EUR 4.84 prior close on October 5, 2026. On September 21, 2026, VNET Group announced that PJ Millennium buyers had acquired 650,424,192 Class A ordinary shares.

38.10 percent stake changes ownership picture

The buyers collectively held 38.10 percent of VNET's outstanding ordinary shares after closing, based on 1,708,970,760 shares outstanding on June 30, 2026. The investor rights agreement and voting and consortium agreement also became effective, tying the transaction to a formal change in shareholder influence.

The transaction links VNET's ownership structure with PJ Millennium Limited Partnership and its affiliates. For investors, the important number is the 38.10 percent holding, because it is large enough to make the new investor group a central participant in corporate decisions.

Wholesale revenue rose 29.30 percent

VNET's second-quarter 2026 operating figures showed a stronger wholesale business. According to Yahoo Finance, total net revenue increased 14.20 percent year over year to RMB 2.78 billion in the second quarter, while wholesale revenue rose 29.30 percent to RMB 1.10 billion.

The same second-quarter 2026 transcript reported adjusted earnings before interest, taxes, depreciation and amortization of RMB 918.3 million, up 25.40 percent year over year. That comparison puts wholesale expansion ahead of overall revenue growth and identifies the operating segment carrying the current growth profile.

VNET stock remains near yearly low

VNET's primary listing is Nasdaq, where the finance quote showed USD 5.45 at the October 5, 2026 close, against a 52-week range of USD 5.10 to USD 14.48. The market capitalization was USD 1.5 billion as of October 5, 2026.

Nomura cut its price target from USD 13.00 to USD 11.30 on September 14, 2026 while maintaining a Buy rating, according to MarketScreener. The target change leaves the analyst view positive but lowers the valuation mark, adding a counterweight to the strategic investment story.

Price and market snapshot

VNET stock was trading intraday at EUR 4.93 at Lang & Schwarz on October 6, 2026 at 1:42 p.m. CEST, plus 1.86 percent versus the EUR 4.84 prior close at Lang & Schwarz on October 5, 2026.