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NIO Energy Gets 30% Equity Investment from Geely Holding, Post-Money Valuation ~16B Yuan
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On September 28, NIO Energy Investment (Hubei) Co., Ltd. issued new equity shares. After the transaction, a subsidiary of Geely Holding Group will hold 30% of NIO Energy's total equity. NIO's subsidiary, NIO Holding Co., Ltd., will retain a controlling 63.6% stake, while an existing investor, Wuhan Guangchuang Emerging Technology Phase I Venture Capital Fund Partnership (Limited Partnership), will hold the remaining 6.4%. The post-investment valuation of NIO Energy is approximately 160 billion yuan. Additionally, NIO China has agreed to subscribe for new equity shares in Zhejiang Haohan Energy Technology Co., Ltd. for cash consideration, and after the transaction, NIO China will hold 10% of Haohan Energy's total equity. The report is sourced from Southern Finance Network.
Source report
September 28 (Nancai Zhixun) — NIO Energy Investment (Hubei) Co., Ltd. has completed a new equity issuance, resulting in a strategic shareholding change.
Following the transaction, a subsidiary of Zhejiang Geely Holding Group will hold 30% of the total equity in NIO Energy. NIO's subsidiary, NIO Holding Co., Ltd., will retain a 63.6% controlling stake, while an existing investor, Wuhan Guangchuang Innovative Technology Phase I Venture Capital Partnership (Limited Partnership), will hold the remaining 6.4%.
The post-investment valuation of NIO Energy is approximately RMB 16 billion.
Separately, NIO China has agreed to subscribe to newly issued equity in Zhejiang Haohan Energy Technology Co., Ltd. for cash consideration. Upon completion of this transaction, NIO China will hold 10% of the total equity in Haohan Energy.
(Source: Southern Finance Network)
Source
东方财富网-公司资讯Eastern
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