NIO stock faces Monday test after Abu Dhabi stake filing and Australia plan
CYVN Investments RSC Ltd and L’imad Holding Company - P.J.S.C disclosed they held 418,833,157 Class A ordinary shares of NIO Inc at year-end, an amended Schedule 13D filing showed. The filing said the stake equated to about 17.9% of NIO’s Class A shares outstanding, or about 16.9% of total ordinary shares outstanding, and reported no transactions in the stock over the past 60 days.
