It is understood that data center operator Universal Data is considering selling a partial stake in its international business to a strategic partner for about $300 million to $400 million.。

Specifically, the Shanghai-based digital infrastructure company is working with an adviser and is considering selling about 30 to 40 percent of its assets, according to people familiar with the matter.。Investment firms and sovereign wealth funds have expressed interest in international portfolios, the people added.。Negotiations are currently underway and details may change, and Universal Data may also decide not to proceed with an equity sale。

According to the Universal Data website, Universal Data develops and operates data centers in China, including Beijing, Hong Kong, Shanghai and Chengdu.。In addition, the company is expanding into Southeast Asia, where it currently provides services in a third-party data center in Singapore and builds facilities in Malaysia and Indonesia.。

Over the past year, the market value of Universal Data's American depositary shares (ADS) has shrunk by more than half, and the company is now valued at about $3.8 billion.。According to media reports, Universal Data is also considering a secondary listing in Singapore after listing in Hong Kong and the United States.。

Digital infrastructure has been a reliable source of trading activity in Asia in recent months.。PT Telkom Indonesia is considering bringing investors into its data center business and may seek a valuation of more than $1 billion for the business.。

According to cybersecurity firm Resecurity Inc, Universal Data and ST Telemedia's global data center suffered security breaches two years ago that affected about 2,000 customers, including Wells Fargo & Co..) and a branch of the People's Bank of China。But both companies said the vulnerability posed no risk to customers' IT systems or data.。