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Smart Share Global Limited Announces Shareholders’ Approval of Merger Agreement
Globenewswire· 2025-12-31 11:00
Core Viewpoint - Smart Share Global Limited, also known as Energy Monster, has received shareholder approval for a merger agreement that will result in the company becoming a privately held entity, with its American depositary shares (ADSs) no longer traded on any exchange [1][3]. Group 1: Merger Details - The extraordinary general meeting (EGM) held on December 31, 2025, saw approximately 79.0% of the total outstanding ordinary shares represented, with 92.8% of the votes cast in favor of the merger agreement [2]. - The merger agreement, dated August 1, 2025, involves the merger of Mobile Charging Merger Limited into Smart Share Global Limited, making the latter a wholly-owned subsidiary of Mobile Charging Investment Limited [1][2]. Group 2: Company Overview - Smart Share Global Limited is a leading consumer tech company in China, specializing in mobile device charging services through a network of shared power banks located in various points of interest (POIs) [4]. - As of December 31, 2024, the company operated 9.6 million power banks across 1,279,900 POIs in over 2,200 counties and county-level districts in China [4].
Smart Share Global Limited Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company from Hillhouse
Globenewswire· 2025-08-15 20:15
Group 1 - Smart Share Global Limited, also known as Energy Monster, received a preliminary non-binding proposal from Hillhouse Investment Management to acquire all outstanding ordinary shares not already owned by Hillhouse or Management Members for US$1.77 per ADS or US$0.885 per share in cash [1] - The Company had previously entered into a definitive Agreement and Plan of Merger with Trustar Mobile Charging Holdings Limited, which includes key Management Members [2] - A special committee of independent directors is evaluating all options for the best interests of shareholders with the help of independent financial and legal advisors [3] Group 2 - Smart Share Global Limited is the largest provider of mobile device charging services in China, holding the number one market share [5] - The Company operates a network of 9.6 million power banks located in 1,279,900 points of interest across over 2,200 counties and county-level districts in China as of December 31, 2024 [5]