Nio China to receive RMB13.3B from parent, investors
by
Contributor since / Followers
Contributor since / Followers
2 months ago
Michael Vi/iStock Editorial via Getty Images
- Nio (NYSE:NIO) said on Sunday it had entered into definitive agreements for investment in NIO Holding, also known as Nio China.
- According to NIO, it had entered into agreements with Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment, and CS Capital.
- The strategic investors will invest ~RMB3.3B in cash to subscribe for newly issued shares of NIO China, NIO added.
- NIO said it will concurrently invest ~RMB10 billion in cash to subscribe for newly issued shares of NIO China.
- After deal close, NIO will hold 88.3% of controlling equity interest in NIO China, while the strategic investors together with the other existing shareholders will collectively hold the remaining 11.7% of equity interest in NIO China.
- NIO added also has the right to invest an additional RMB20B to subscribe for additional shares in NIO China by December 31, 2025, based on the same price and terms of the investment transaction.
- Press Release