Shagang Group plans to acquire 100% equity in Suzhou Qingfeng Jiangsu Province-based Shagang Group, China’s largest private steelmaker, announced that it plans to acquire 100 percent of equity in Jiangsu-based Suzhou Qingfeng, who holds 51 percent equity in Global Switch.
After the completion of the restructuring, Shagang Group will actively participate in data center businesses in domestic and foreign markets. Global Switch defines itself as the leading owner, operator and developer of large scale network dense, carrier and cloud neutral multi-tenanted data centers in Europe and the Asia-Pacific region.
