ADVANTECH CAPITAL AMENDS SMART SHARE GLOBAL STAKE
Ticker: EM · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1834253
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, beneficial-ownership
Related Tickers: EM
TL;DR
**Advantech Capital updated its Smart Share Global (EM) ownership, signaling a change in its institutional stake.**
AI Summary
Advantech Capital L.P. filed an amended Schedule 13G/A on February 5, 2024, indicating a change in their beneficial ownership of Smart Share Global Ltd. as of December 31, 2023. This filing, an Amendment No. 2, updates their previous disclosures regarding their holdings of Class A Ordinary shares, which trade as American Depositary Shares (ADSs) under the ticker "EM" on the Nasdaq Global Select Market. This matters to investors because it provides transparency into significant institutional ownership changes, which can influence stock perception and liquidity.
Why It Matters
This filing updates the public record on a major investor's stake, offering insight into institutional confidence and potential future trading activity for Smart Share Global Ltd. (EM).
Risk Assessment
Risk Level: low — This is a routine amendment to a beneficial ownership filing, indicating a change in a large investor's stake, which is generally not a high-risk event.
Analyst Insight
Investors should note Advantech Capital's continued involvement, but this filing alone doesn't suggest a strong buy or sell signal. It's a data point for tracking institutional interest in Smart Share Global Ltd. (EM).
Key Numbers
- 83193E 102 — CUSIP Number (assigned to the American Depositary Shares (ADSs) of Smart Share Global Limited)
- 2 — Shares per ADS (Each ADS represents two Class A ordinary shares of the Issuer)
Key Players & Entities
- Advantech Capital L.P. (company) — the entity filing the SC 13G/A amendment
- Smart Share Global Ltd. (company) — the issuer whose securities are being reported
- Nasdaq Global Select Market (company) — the exchange where Smart Share Global ADSs are quoted
- December 31, 2023 (date) — the date of the event requiring the filing
- February 5, 2024 (date) — the filing date of the SC 13G/A
- US$0.0001 (dollar_amount) — par value per Class A Ordinary share
Forward-Looking Statements
- Advantech Capital L.P. will continue to be a significant institutional holder of Smart Share Global Ltd. shares. (Advantech Capital L.P.) — medium confidence, target: December 31, 2024
- The updated ownership information will have a minimal immediate impact on Smart Share Global Ltd.'s stock price. (Smart Share Global Ltd.) — high confidence, target: February 12, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, specifically Amendment No. 2, under the Securities Exchange Act of 1934.
Who is the subject company of this filing?
The subject company is Smart Share Global Limited, with the Central Index Key (CIK) 0001834253.
What is the ticker symbol for Smart Share Global Limited's American Depositary Shares (ADSs)?
The ticker symbol for Smart Share Global Limited's ADSs is "EM" on the Nasdaq Global Select Market.
What is the par value of Smart Share Global Limited's Class A Ordinary shares?
The par value of Smart Share Global Limited's Class A Ordinary shares is US$0.0001 per share.
When was the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Stats: 1,641 words · 7 min read · ~5 pages · Grade level 8.8 · Accepted 2024-02-05 06:04:14
Key Financial Figures
- $0.0001 — ) Class A Ordinary shares, par value US$0.0001 per share (Title of Class of Securitie
Filing Documents
- tm244206d3_sc13ga.htm (SC 13G/A) — 78KB
- tm244206d3_ex99-1.htm (EX-99.1) — 6KB
- 0001104659-24-010311.txt ( ) — 86KB
IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b)
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: Not Applicable 6
OWNERSHIP
ITEM 4. OWNERSHIP. (a) Amount beneficially owned: See the response to Item 9 on the attached cover pages. (b) Percentage of class: See the responses to Item 11 on the attached cover pages. (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: See the responses to Item 5 on the attached cover pages. (ii) Shared power to vote or to direct the vote: See the responses to Item 6 on the attached cover pages. (iii) Sole power to dispose or to direct the disposition of: See the responses to Item 7 on the attached cover pages. (iv) Shared power to vote or to direct the disposition of: See the responses to Item 8 on the attached cover pages.
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable.
IDENTIFICATION AND CLASSIFICATION
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable.
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable.
NOTICE OF DISSOLUTION OF GROUP
ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable.
CERTIFICATIONS
ITEM 10. CERTIFICATIONS. Not applicable. 7 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 5, 2024 Beautyworks Investment Limited By: /s/ Yan Yang Name: Yan Yang Title: Authorized Signatory Advantech Master Investment Limited By: /s/ Yan Yang Name: Yan Yang Title: Director Advantech Capital Partners Ltd. By: /s/ Yan Yang Name: Yan Yang Title: Authorized Signatory Advantech Capital L.P. By: /s/ Yan Yang Name: Yan Yang Title: Authorized Signatory 8 Exhibit Index Exhibit No. Exhibit 99.1 Joint Filing Agreement 9