News: AJD NEXTDC updates on takeover offer of APDC by related entities of 360 Capital

Sept 26 (Reuters) - NEXTDC Ltd (NXT)

• Refers to bidder's statement for takeover offer of Asia Pacific Data Centre Group by related entities of 360 Capital Group
• Proposed capital distribution raises APDC'S debt to imprudent levels, not in best interests of all APDC securityholders, including co
• TGP is proposing to increase APDC'S debt to $100 million in order to fund a $0.65 capital distribution
• Notes that 360 Capital has insufficient sources of funds to acquire all remaining APDC securities in which it does not have relevant interest
• Distribution financially assists 360 Capital in its purchase of APDC securities & would require approval by special resolution
• Co's 29.2 percent blocking interest in APDC securities would preclude TGP from achieving requisite 75 percent voting threshold