Chindata Group Completes Transition To Private Ownership After Merger With BCPE Chivalry
Portfolio Pulse from Benzinga Newsdesk
Chindata Group has completed its transition to private ownership after merging with BCPE Chivalry. The company has requested the suspension of trading of its ADSs on Nasdaq from December 18, 2023, and will delist and deregister its securities. The deregistration will take effect 90 days post the filing of Form 25, with the SEC, or sooner if determined by the SEC. Chindata Group plans to file a Form 15 to suspend its SEC reporting obligations, which will cease its requirement to file reports such as Form 20-F and Form 6-K.
December 19, 2023 | 6:56 am
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Chindata Group has merged with BCPE Chivalry and is transitioning to private ownership. The company's ADSs will be suspended from trading on Nasdaq starting December 18, 2023, and it will proceed with delisting and deregistration from the SEC.
The transition to private ownership and the subsequent delisting from Nasdaq will remove Chindata Group's ADSs from public trading, which will likely result in a negative short-term impact on the stock price as it ceases to be traded publicly.
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