Good that it finds a sugar daddy. Shareholders are saved from right issue at least for now.
Joelton ( Date: 21-Jun-2023 10:09) Posted:
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Nio enters into US$738.5 million private placement with Abu Dhabi state investor
 
ELECTRIC vehicle maker Nio : NIO -4.48% has entered into a share subscription agreement with an investment vehicle majority owned by the Abu Dhabi government, with the investor to become a substantial shareholder and be entitled to a board seat.
 
In the transaction, CYVN Holdings will invest US$738.5 million in cash to subscribe to about 84.7 million newly-issued Class A ordinary shares of Nio at US$8.72 apiece, the China-based automaker said on Tuesday (Jun 20) in a regulatory filing to the Singapore Exchange (SGX), where it is listed.
 
The share subscription price was the volume weighted average price of Nio&rsquo s Class A ordinary shares on the New York Stock Exchange &ndash where the automaker also has a listing &ndash over the seven consecutive trading days preceding Monday.
 
The transaction is subject to customary closing conditions and the closing is expected to take place in early July 2023. CYVN has agreed not to sell or transfer any of these shares for six months after the closing.
 
Separately, the investor has entered into a share purchase agreement with an existing shareholder, an affiliate of Chinese technology behemoth Tencent, to purchase 40.1 million of Nio&rsquo s Class A ordinary shares.
 
When both share transactions have been completed, the investor will own about 7 per cent of Nio&rsquo s total issued and outstanding shares, entitling it to nominate a director to the automaker&rsquo s board.
 
In addition, Nio and CYVN will jointly pursue opportunities in the automaker&rsquo s international business after the private placement has been completed.
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June sales for Nio is crucial for their short term movement, as they launched the much anticipated ES6. It is an upgrade of the old version, plus a price reduction... so in theory it should sell well.
If Nio doesn' t achieve 10k car sales in June, I think roads ahead will be tougher for them.
If Nio doesn' t achieve 10k car sales in June, I think roads ahead will be tougher for them.
Still no breakthrough..
It also depends on whether Emperor Xi injects any more stimulus and how he wants to bring the economy up. I don't think he wants to lose face by showing the world that he can't drive up the economy this year, keeping to his promise.
TA_Expert ( Date: 22-May-2023 02:14) Posted:
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Almost China companies listed in overseas are underperformed regardless of profitabilities.
With G7 countries blacklisting China firms, many China companies would not be able to do well as global fund managers will try to avoid puttting monies into China firms.
With G7 countries blacklisting China firms, many China companies would not be able to do well as global fund managers will try to avoid puttting monies into China firms.
Hope that ambitious clown don't have another round of share dilution
Ftyeng ( Date: 19-May-2023 14:59) Posted:
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Waiting to be blacklisted by US.
Ftyeng ( Date: 19-May-2023 14:59) Posted:
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Nio going nuclear :  https://www.channelnewsasia.com/business/chinese-ev-maker-nio-invests-nuclear-fusion-startup-3500451  .
The only Chinese brand I see in Europe is Linkco.
Let?s see if it goes 8 or 6?
sadhu123 ( Date: 27-Apr-2023 16:19) Posted:
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Weekly candle by this Friday High chance game to close back  at 8.05 =>
short term trade set up for two day..
short term trade set up for two day..
Reality setting in ?
investshare ( Date: 19-Apr-2023 08:34) Posted:
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Of the 3 EV companies Nio, Xpeng and Li Auto, Nio has to be the skunk of the lot. The CEO is only good at blowing hot air, can't manage a listed company well.
Very far from ipo price now, William Li is the captain of Titanic
Watch out how long their cash can last.
investshare ( Date: 19-Apr-2023 08:34) Posted:
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End of the day, nio will compete in Red Sea. It will never be a luxury brand. Just like watches, tell me any luxury brand created in past 20 years? It is about the heritage and status.
And bio is not competitive in Red Sea.
And bio is not competitive in Red Sea.
Nissan and polestar is leading the auto show at Shanghai. Competition will be fierce amongst the new comers
Shorts piling in on Nio daily, just crazy. I hope that the squeeze will cause these shorts to lose their pants.