VNET
VNET Group - currently trading around 6.99 a share -
News Snippet “BEIJING, April 11, 2022 /PRNewswire/ – VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral Internet data center services provider in China, announced that its Board of Directors (the “Board”) has recently received an unsolicited preliminary non-binding proposal letter (the “Proposal”) from The Hina Group and Industrial Bank Co., Ltd., Shanghai Branch, proposing to acquire all of the outstanding ordinary shares of the Company for US$8.00 in cash per American depositary share, or approximately US$1.3333 per ordinary share.”
https://finance.yahoo.com/news/vnet-receives-unsolicited-preliminary-non-120000963.html
based on the Article - this could really go either way - Up 30% already today
Just tossing it out there to see if anyone has any insights on it, or more familiar with the industry / region.