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Cheer Holding shares surge 20.96% intraday as company forms special committee to evaluate two takeover bids including $0.56 from Zhongsheng Dingxin and $0.52 from Excel Ally.
ByAinvest
Wednesday, Nov 19, 2025 10:33 am ET1min read
Cheer Holding surged 20.96% intraday, as the company announced the formation of a special committee to evaluate two preliminary non-binding offers to acquire all its shares. The proposals include Zhongsheng Dingxin Investment Fund offering $0.56 per share and Excel Ally Ventures offering $0.52 per share. Cheer Holding is an advanced mobile internet infrastructure and platform service provider.
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