<div class=newsTextDataWrapInner><p>(Oct 30):&nbsp;GDS Holdings Ltd has&nbsp;raised US$1 billion (RM4.39 billion) from mostly new US investors for its data centre operations outside of mainland China.</p></div>

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<div class=newsTextDataWrapInner><p>Coatue Management led the investment in GDS’&nbsp;international affiliate, DigitalLand Holdings Ltd, along with “substantial participation” by Baupost Group, according to a statement dated Tuesday (Oct&nbsp;29). DigitalLand is also known as GDS International, or GDSI. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The statement confirmed a <em>Bloomberg News&nbsp;</em>report&nbsp;in August.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>GDS said it will hold a stake of about 37.6% in GDSI, which was established in 2022 and is headquartered in Singapore. It has 480 megawatts (MW) of data centre capacity in service and under construction, with another 590MW for development in places including Hong Kong, Singapore, and Batam in Indonesia.</p></div>

<div class=newsTextDataWrapInner><p>GDS is also looking to raise another US$2.3 billion in loans for its operations in Malaysia, and is considering an initial public offering (IPO) of the international unit as soon as next year, <em>Bloomberg </em>has&nbsp;reported.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>
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(Oct 30): GDS Holdings Ltd has raised US$1 billion (RM4.39 billion) from mostly new US investors for its data centre operations outside of mainland China.

GDS raises US$1b for data centre operations outside China

All parties to Israel-Hamas war have agreed that the Gaza ceasefire will take effect at 8.30am local time on Sunday, a few hours earlier than had been anticipated, Qatar announced.

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South Korea’s impeached President Yoon Suk Yeol appeared in court on Saturday to argue against a request for his detention to be extended after his arrest earlier this week.

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The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.

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<p>The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.</p>
