Smart Share Global Ltd. Receives New Acquisition Proposal from Hillhouse Following Earlier Merger Agreement with Trustar Consortium
Reuters
Aug 16, 2025
Smart Share Global Ltd. Receives New Acquisition Proposal from Hillhouse Following Earlier Merger Agreement with Trustar Consortium
Smart Share Global Ltd., known as Energy Monster, has announced the receipt of a preliminary non-binding proposal from Hillhouse Investment Management Ltd. to acquire all outstanding ordinary shares not already owned by Hillhouse or the Management Members. The proposal offers US$1.77 per ADS or US$0.885 per share in cash. This comes after the company's earlier announcement on August 1, 2025, regarding a definitive Agreement and Plan of Merger with Trustar Mobile Charging Holdings Limited and the Management Members, including key executives like CEO Mars Guangyuan Cai and CFO Maria Yi Xin. The special committee of independent directors will continue to evaluate the proposal with the help of independent financial and legal advisors.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smart Share Global Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9513280-en) on August 15, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.