BRIEF-NIO Announces RMB 3.3 Bln Investment In NIO China From Strategic Investors

Reuters09-29

Sept 29 (Reuters) - NIO Inc :

* NIO ANNOUNCES RMB3.3 BILLION INVESTMENT IN NIO CHINA FROM STRATEGIC INVESTORS

* NIO INC - NIO WILL INVEST AN AGGREGATE OF RMB10 BILLION IN CASH TO SUBSCRIBE FOR NEWLY ISSUED SHARES OF NIO CHINA

* NIO INC - TO HOLD 88.3% EQUITY INTEREST IN NIO CHINA POST-INVESTMENT

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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.

Comments

  • taytt
    09-29
    taytt
    All good news coming 
Leave a comment
1
1