GDS Global: Completes Full Acquisition of AsiaBuild Metal Engineering and Integrated Aluminium

NewTimeSpace · 2026/06/09 15:33 · By Jiayi Sun

NewTimeSpace News: GDS Global announced on June 8 that it has completed the acquisition of all equity interests in AsiaBuild Metal Engineering and Integrated Aluminium. The company issued 150 million base consideration shares to the sellers, and 30 million debt acquisition consideration shares to Tan Poh Tuck and Tang Hee Sung.

NewTimeSpace News: On June 8, 2026, GDS Global announced the full takeover of AsiaBuild Metal Engineering and Integrated Aluminium after all precedent conditions were fulfilled. The two target companies have now become its wholly-owned subsidiaries.

The company allotted and issued 150 million base consideration shares to the sellers, along with 30 million debt acquisition consideration shares to Tan Poh Tuck and Tang Hee Sung. Its issued share capital rose from approximately 291 million shares to around 471 million shares.

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GDS Global acquisition