VNET Group Shares Rise After Stake Sale to PJ Millennium Subsidiaries Closes

02:37 PM EDT, 09/21/2026 (MT Newswires) -- VNET Group (VNET) stock rose 11% in Monday trading after the company announced the closing of a previously announced strategic investment involving the sale of 650.4 million Class A ordinary shares, representing about 38% of its outstanding shares. The shares were purchased by two subsidiaries of PJ Millennium Partnership, and the sellers were Success Flow International Investment and Choice Faith Group Holdings, VNET said Monday in a statement. Price: 7.26, Change: +0.74, Percent Change: +11.27