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Chindata Charts Life After Founder, But Uncertainty Keeps Investors at Bay

Chindata Charts Life After Founder, But Uncertainty Keeps Investors at Bay
Key takeaways:

a?? Chindata said it has agreed with its founder Ju Jing on terms of his departure, including a substantial reduction of his super-voting shares

a?? Plan will help the company move forward, though uncertainty remains over new businesses that Ju was promoting

By Warren Yang

Data center operator Chindata Group Holdings (NASDAQ:CD) is trying to right its ship after the sudden departure of its founder, whose environmentally friendly vision was a major part of the companya??s identity. Yet perhaps understandably, investors dona??t seem in any rush to get on board as the companya??s path forward remains pocked with uncertainties.
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