Skip to main content

Advertisement

Advertisement

Business

Nio may delay Hong Kong listing to next year - Bloomberg News

Nio may delay Hong Kong listing to next year - Bloomberg News

FILE PHOTO: A model of a Nio electric car is displayed at a Nio office in Shanghai, China, March 24, 2021. REUTERS/Aly Song

Chinese electric vehicle maker Nio Inc may delay its planned Hong Kong listing to next year, Bloomberg News reported on Thursday, citing people familiar with the matter.

The U.S.-traded company has received queries from the Hong Kong stock exchange about aspects of its structure, including a user trust set up in 2019, the report said.

Nio, whose shares were down about 2per cent in premarket trading, did not immediately respond to a Reuters request for comment.

Reuters had reported in March that the company was looking to list in Hong Kong as soon as this year.

Nio said on Tuesday it was planning to sell up to US$2 billion worth of its American depository shares.

(Reporting by Eva Mathews in Bengaluru; Editing by Aditya Soni)

Source: Reuters

Advertisement

Also worth reading

Advertisement