$2.2 billion! NIO receives a new round of strategic investment from Abu Dhabi CYVN
花枝俏
发表于 2023-12-18 19:35:07
4062
0
0
NIO SW (09866. HK), whose founder "long-distance travel" has become the focus, announced on the Hong Kong Stock Exchange after market hours that it has entered into a share subscription agreement with CYVN Holdings through its subsidiary, CYVN. CYVN Holdings is a professional investment institution headquartered in Abu Dhabi, focusing on investing in the advanced and intelligent mobile transportation sector. According to the share subscription agreement, CYVN will invest a total of $2.2 billion in cash to subscribe for 294 million newly issued Class A common shares of the company at a purchase price of $7.50 per share. After the transaction is completed, CYVN will beneficially hold approximately 20.1% of the total issued and outstanding shares of NIO.
Previously, NIO received a strategic equity investment of $738.5 million from CYVN in July 2023. In addition, CYVN purchased several Class A common shares of NIO from an affiliate of Tencent Holdings Limited for a total consideration of $350 million.
December investment transactions are subject to customary delivery conditions, and the delivery of $2.2 billion is expected to be completed in the last week of December. According to Regulation S of the Securities Act of 1933 (as amended), the issuance of shares through non-public offering is exempt from registration. Within six (6) months after the delivery of investment transactions in December, both investors and NIO are subject to specific lockdown arrangements.
NIO stated that at the time of investment transaction delivery in December, CYVN will have the right to nominate two directors to the company's board of directors, provided that it continues to beneficially own no less than 15% of the company's outstanding share capital. If CYVN beneficially owns less than 15% but more than 5% of the company's outstanding share capital, it will have the right to nominate a director to the board of directors of the company. Appointments must comply with applicable laws, regulations, listing rules, and the company's articles of association.
NIO also stated that after the investment transaction delivery in December, it will continue to cooperate with CYVN and its affiliated companies to seek strategic and technological cooperation in the international market.
What organization is CYVN?
CYVN is an investment institution with a majority stake in the Abu Dhabi government of the United Arab Emirates, with a strategic focus on the intelligent transportation industry. The fund was established in 2022 with the goal of investing in global industry leaders in this field.
There are several well-known sovereign funds in the United Arab Emirates, such as Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, UAE Investment Authority (EIA), Dubai Investment Company (DIC), and RAKIA. And CYVN Holdings is the youngest among them.
CYVN Holdings' focus on advanced and intelligent transportation reflects the long-term vision of the Abu Dhabi government for the emirate.
Abu Dhabi is one of the seven emirates of the United Arab Emirates. Compared to the Emirate of Dubai, known for its tourism, finance, and trade, Abu Dhabi is a major producer of oil and gas, with over 90% of the UAE's reserves.
However, the Abu Dhabi government is seeking economic diversification and reducing dependence on hydrocarbons. The intelligent transportation sector is considered one of the key growth points for the future, and the establishment of CYVN is aimed at achieving these goals of the Abu Dhabi government.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Shell and Total Energy are reportedly in talks to invest in the new liquefied natural gas plant of Abu Dhabi State Oil Company
- Tesla launches a new round of layoffs involving multiple departments such as software and engineering
- NIO Energy received a strategic investment of 1.5 billion yuan
- Shell, Total Energy, and others are reportedly participating in the Abu Dhabi National Oil Company's liquefied natural gas project
- Shell and four other companies participate in the Abu Dhabi National Oil Company liquefied natural gas project
- Gaotu Chairman Chen Xiangdong: Seize the new round of technological innovation to contribute to the cultivation of top talents in national innovation
- Vipshop achieved a net revenue of 26.9 billion yuan in the second quarter and announced a new round of $1 billion repurchase plan
- Microsoft seeks US export license for AI chips to Middle East, collaborates with Abu Dhabi G42 to establish AI research institute
- NIO will establish a technology research and development center in Abu Dhabi, United Arab Emirates
- BlackRock wins Abu Dhabi operating license to focus on AI and private equity market business expansion
-
アリババは、26億5000万ドルのドル建て優先無担保手形と170億元の人民元建て優先無担保手形の定価を発表した。ドル債の発行は2024年11月26日に終了する予定です。人民元債券の発行は2024年11月28日に終了する予定だ ...
- SOGO
- 前天 09:05
- 支持
- 反对
- 回复
- 收藏
-
スターバックスが中国事業の株式売却の可能性を検討していることが明らかになった。 11月21日、外国メディアによると、スターバックスは中国事業の株式売却を検討している。関係者によると、スターバックスは中国事 ...
- 献世八宝掌
- 昨天 16:29
- 支持
- 反对
- 回复
- 收藏
-
【意法半導体CEO:中国市場は非常に重要で華虹と協力を展開】北京時間11月21日、意法半導体(STM.N)は投資家活動の現場で、同社が中国ウェハー代工場の華虹公司(688347.SH)と協力していると発表した。伊仏半導体 ...
- 黄俊琼
- 昨天 14:29
- 支持
- 反对
- 回复
- 收藏
-
【ナスダック中国金龍指数は1%下落した。人気の中概株の多くは下落した】現地時間11月21日、ナスダック中国金龍指数は1%下落し、人気の中概株の多くは下落し、必死に10%超下落し、愛奇芸は7%超下落し、百度は6%近く ...
- 比尔992
- 4 小时前
- 支持
- 反对
- 回复
- 收藏