SEC Filings

Form 424B5
GDS HOLDINGS LTD filed this Form 424B5 on 01/23/2018
Document Outline
Entire Document (2244.4 KB)
Subdocument 1 - 424B5 - 424B5
Page 1 - Filed Pursuant to Rule 424(b)(5)
Page 2 - TABLE OF CONTENTS
Page 3 - ABOUT THIS PROSPECTUS SUPPLEMENT
Page 4 - N/A
Page 5 - SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Page 6 - PROSPECTUS SUPPLEMENT SUMMARY
Page 7 - N/A
Page 8 - Our Strengths
Page 9 - Recent Developments
Page 10 - Net loss.
Page 11 - Quarterly Key Performance Indicators
Page 12 - N/A
Page 13 - Recent Regulatory Developments
Page 14 - www.gds-services.com
Page 15 - The Offering
Page 16 - N/A
Page 17 - Summary Historical Consolidated Financial Data
Page 18 - N/A
Page 19 - Key Financial Metrics
Page 20 - Non-GAAP Measures
Page 21 - Currency Translation and Exchange Rates
Page 22 - N/A
Page 23 - RISK FACTORS
Page 24 - If we are not successful in expanding our service offerings, we may not achieve our financial goals
Page 25 - We face risks associated with having a long selling and implementation cycle for our services that r
Page 26 - N/A
Page 27 - We will likely require additional capital to meet our future capital needs, which may adversely affe
Page 28 - We have a history of net losses and may continue to incur losses in the future.
Page 29 - N/A
Page 30 - Delays in the construction of new data centers or the expansion of existing data centers could invol
Page 31 - Our ability to provide data center services depends on the major telecommunications carriers in Chin
Page 32 - We generate significant revenue from data centers located in only a few locations and a significant
Page 33 - If we are unable to meet our service level commitments, our reputation and results of operation coul
Page 34 - Our customer base may decline if our customers or potential customers develop their own data centers
Page 35 - Customers who rely on us for the colocation of their servers, the infrastructure of their Cloud syst
Page 36 - We may not be able to compete effectively against our current and future competitors.
Page 37 - Our failure to comply with regulations applicable to our leased data centers may materially and adve
Page 38 - Our failure to maintain our relationships with various cloud service providers may adversely affect
Page 39 - We have limited ability to protect our intellectual property rights, and unauthorized parties may in
Page 40 - If our customers' proprietary intellectual property or confidential information is misappropriated o
Page 41 - Any difficulties in identifying and consummating future acquisitions may expose us to potential risk
Page 42 - Competition for employees is intense, and we may not be able to attract and retain the qualified and
Page 43 - Failure to commence or resume development of land that we have been granted right to use within the
Page 44 - We are subject to anti-corruption laws of China and Hong Kong as well as the U.S. Foreign Corrupt Pr
Page 45 - If we fail to maintain proper and effective internal controls, our ability to produce accurate finan
Page 46 - Compliance with rules and requirements applicable to public companies has caused us to incur increas
Page 47 - Regulations on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors
Page 48 - Our contractual arrangements with our consolidated VIEs may result in adverse tax consequences to us
Page 49 - The shareholders of our consolidated VIEs may have potential conflicts of interest with us, which ma
Page 50 - If the custodians or authorized users of our controlling non-tangible assets, including chops and se
Page 51 - Substantial uncertainties exist with respect to the enactment timetable, interpretation and implemen
Page 52 - Risks Related to Doing Business in the People's Republic of China
Page 53 - Industry Catalog Relating to Foreign Investment
Page 54 - Some of our consolidated VIEs may be regarded as being non-compliant with the regulations on VATS, d
Page 55 - One of our subsidiaries, GDS (HK) Limited, has entered into IDC service agreements with customers ou
Page 56 - Third-party data center providers from whom we lease data center space on a wholesale basis may fail
Page 57 - There are uncertainties regarding the interpretation and enforcement of PRC laws, rules and regulati
Page 58 - Cyber Security Law of the People's Republic of China
Page 59 - PRC regulations relating to investments in offshore companies by PRC residents may subject our PRC-r
Page 60 - Any failure to comply with PRC regulations regarding our employee share incentive plans may subject
Page 61 - The enforcement of the Labor Contract Law of the People's Republic of China, or the PRC Labor Contra
Page 62 - Circular on Further Improving Reform of Foreign Exchange Administration and Optimizing Genuineness a
Page 63 - We may not be able to obtain certain benefits under the relevant tax treaty on dividends paid by our
Page 64 - N/A
Page 65 - Restrictions on currency exchange may limit our ability to utilize our net revenue effectively.
Page 66 - The audit report incorporated by reference in this prospectus supplement is prepared by an auditor w
Page 67 - Risks Related to Our ADSs and This Offering
Page 68 - If securities or industry analysts do not publish research or publish inaccurate or unfavorable rese
Page 69 - Because we do not expect to pay dividends in the foreseeable future, you must rely on price apprecia
Page 70 - Participation in this offering by one of our existing shareholders could reduce the available public
Page 71 - You, as holders of ADSs, may have fewer rights than holders of our ordinary shares and must act thro
Page 72 - You may be subject to limitations on transfer of your ADSs.
Page 73 - Our articles of association contain anti-takeover provisions that could discourage a third party fro
Page 74 - We are a foreign private issuer within the meaning of the rules under the Exchange Act, and as such
Page 75 - We may become a passive foreign investment company, or PFIC, which could result in adverse United St
Page 76 - N/A
Page 77 - USE OF PROCEEDS
Page 78 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Page 79 - Key Factors Affecting Our Results of Operations
Page 80 - Utilization of Existing Capacity
Page 81 - Commitment rate:
Page 82 - Cost of Revenue
Page 83 - Operating Expenses
Page 84 - Research and Development Expenses
Page 85 - Effect of Acquisition of Shenzhen 5
Page 86 - Cost of Revenue
Page 87 - Foreign Currency Exchange (Loss) Gain, net.
Page 88 - Investing Activities
Page 89 - Long-term borrowings
Page 90 - N/A
Page 91 - Shenzhen Loan Facilities
Page 92 - N/A
Page 93 - N/A
Page 94 - Shanghai Loan Facilities
Page 95 - Guangzhou Loan Facilities
Page 96 - N/A
Page 97 - Chengdu Loan Facilities
Page 98 - Research and Development, Patents and Licenses, etc.
Page 99 - N/A
Page 100 - CAPITALIZATION
Page 101 - DILUTION
Page 102 - N/A
Page 103 - MANAGEMENT
Page 104 - Mr. Erik Siao
Page 105 - Mr. Lim Ah Doo
Page 106 - Mr. Jonathan King
Page 107 - Board Observer
Page 108 - Term
Page 109 - 2016 Share Incentive Plan
Page 110 - Award Agreements
Page 111 - N/A
Page 112 - SHARE OWNERSHIP OF DIRECTORS, OFFICERS AND PRINCIPAL AND SELLING SHAREHOLDERS
Page 113 - N/A
Page 114 - N/A
Page 115 - DIVIDEND POLICY
Page 116 - MARKET PRICE INFORMATION FOR OUR ADSS
Page 117 - SHARES ELIGIBLE FOR FUTURE SALE
Page 118 - Rule 144
Page 119 - Rule 701
Page 120 - UNDERWRITING
Page 121 - Option to Purchase Additional ADSs
Page 122 - Relationships
Page 123 - Nasdaq Global Market Listing
Page 124 - Canada.
Page 125 - Hong Kong.
Page 126 - United Kingdom.
Page 127 - TAXATION
Page 128 - United States Federal Income Tax Considerations
Page 129 - This summary does not contain a detailed description of all the United States federal income tax con
Page 130 - Passive Foreign Investment Company
Page 131 - N/A
Page 132 - Taxation of Capital Gains
Page 133 - Information Reporting and Backup Withholding
Page 134 - LEGAL MATTERS
Page 135 - EXPERTS
Page 136 - WHERE YOU CAN FIND MORE INFORMATION ABOUT US
Page 137 - www.gds-services.com
Page 138 - INCORPORATION OF DOCUMENTS BY REFERENCE
Page 139 - GDS HOLDINGS LIMITED AND SUBSIDIARIES
Page 140 - UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
Page 141 - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Page 142 - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Page 143 - UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
Page 144 - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Page 145 - UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
Page 146 - 1 BASIS OF PRESENTATION
Page 147 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 148 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 149 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 150 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 151 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 152 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 153 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 154 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 155 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 156 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 157 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 158 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 159 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 160 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 161 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 162 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 163 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 164 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 165 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 166 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 167 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 168 - NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Page 169 - PROSPECTUS
Page 170 - TABLE OF CONTENTS
Page 171 - ABOUT THIS PROSPECTUS
Page 172 - N/A
Page 173 - FORWARD-LOOKING STATEMENTS
Page 174 - OUR COMPANY
Page 175 - CORPORATE INFORMATION
Page 176 - RISK FACTORS
Page 177 - USE OF PROCEEDS
Page 178 - DESCRIPTION OF SHARE CAPITAL
Page 179 - Conversion.
Page 180 - Transfer of Ordinary Shares.
Page 181 - pari passu
Page 182 - Certain Enumerated Rights under Our Amended Articles of Association
Page 183 - Differences in Corporate Law
Page 184 - Shareholders' Suits.
Page 185 - Anti-Takeover Provisions in the Memorandum and Articles of Association.
Page 186 - Shareholder Proposals.
Page 187 - Dissolution; Winding Up.
Page 188 - DESCRIPTION OF AMERICAN DEPOSITARY SHARES
Page 189 - Share Dividends and Other Distributions
Page 190 - The depositary is not responsible if it fails to determine that any distribution or action is lawful
Page 191 - How do ADR holders cancel an ADS and obtain deposited securities?
Page 192 - Reports and Other Communications
Page 193 - https://www.adr.com
Page 194 - Payment of Taxes
Page 195 - Amendment and Termination
Page 196 - Limitations on Obligations and Liability to ADR Holders
Page 197 - N/A
Page 198 - Disclosure of Interest in ADSs
Page 199 - Books of Depositary
Page 200 - Governing Law
Page 201 - ENFORCEABILITY OF CIVIL LIABILITIES
Page 202 - N/A
Page 203 - TAXATION
Page 204 - SELLING SHAREHOLDERS
Page 205 - PLAN OF DISTRIBUTION
Page 206 - Delayed delivery contracts
Page 207 - Electronic auctions
Page 208 - LEGAL MATTERS
Page 209 - EXPERTS
Page 210 - WHERE YOU CAN FIND MORE INFORMATION ABOUT US
Page 211 - INCORPORATION OF DOCUMENTS BY REFERENCE