Company: GDHLF
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001410578-25-000935
Chunk: 289

Company: GDS Holdings Ltd
Filing Date: 2025-04-28
Form: 20-F
Item: Item 5
Chunk 289
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 financing obligations of RMB545.9 million (US$74.8 million), payment of debt issuance cost of RMB54.8 million (US$7.5 million) and payment of redeemable preferred shares dividends of RMB54.2 million (US$7.4 million).

Net cash provided by financing activities from continuing operations was RMB1,266.9 million in 2023, which was primarily due to proceeds from borrowings of RMB6,244.5 million, proceeds from issuance of convertible bonds of RMB3,926.7 million and proceeds from other financing arrangements of RMB220.0 million, partially offset by repayment of borrowings of RMB5,746.8 million, repayment of convertible bonds payable of RMB2,128.3 million, payment under finance lease and other financing obligations of RMB986.9 million, payment of debt issuance cost of RMB187.1 million, payment of redeemable preferred shares dividends of RMB53.9 million and payment of deferred contingent consideration for acquisitions of RMB21.2 million.

Net cash provided by financing activities from continuing operations was RMB3,485.8 million in 2022, which was primarily due to proceeds from borrowings of RMB10,498.4 million, proceeds from issuance of convertible bonds of RMB3,917.0 million, proceeds from other financing arrangements of RMB845.3 million and proceeds from sales of equity interests of subsidiaries of RMB69.8 million, partially offset by repayment of borrowings of RMB9,585.4 million, payment under finance lease and other financing obligations of RMB1,138.5 million, payment for acquisition of redeemable non-controlling interests of RMB593.8 million, payment of deferred contingent consideration for acquisitions of RMB280.4 million, payment for purchase of property and equipment through vendor financing of RMB105.9 million, payment of debt issuance cost of RMB89.2 million, and payment of redeemable preferred shares dividends of RMB51.6 million.

Net cash provided by financing activities from discontinued operations was RMB2,657.8 million, RMB2,892.8 million and RMB16,883.0 million (US$2,313.0 million) in 2022, 2023 and 2024, respectively.

Statutory Reserves

Under applicable PRC laws and regulations, enterprises in mainland China are required to provide for certain statutory reserves. Purs