Vnet Group, INC Schedule 13D activist filings

VNET Group, Inc. reports a significant shift in beneficial ownership and voting power, with Sheng Chen consolidating control through a series of agreements and share acquisitions.

PJ Millennium Limited Partnership and affiliates have completed the acquisition of 650,424,192 Class A Ordinary Shares of VNET Group, Inc., representing 38.1% of the outstanding shares, and related agreements are now effective.

VNET Group, Inc. announces the closing of a portion of its share purchase agreement with PJ Millennium I Limited and PJ Millennium II Limited, with the remaining portion subject to further terms.

VNET Group's major shareholders, Success Flow and Choice Faith, have entered into a Share Purchase Agreement to sell their Class A Ordinary Shares.

VNET Group founder Sheng Chen and affiliates of CATL have entered into a share purchase and voting agreement involving up to 650.4 million Class A ordinary shares.

Blackstone entities are disposing of their convertible notes in VNET Group, Inc., reducing their beneficial ownership below the 5% threshold.

Blackstone-affiliated entities have entered into prepaid variable share forward transactions with Morgan Stanley Bank, N.A., involving a substantial portion of their VNET Group, Inc. Class A Ordinary Shares and convertible notes.