On the morning of May 20, Weilai was successfully listed on the main board of the Singapore Stock Exchange and officially began trading, *The stock code is "NiO". This marks that Weilai has become the first Chinese enterprise to list in New York, Hong Kong and Singapore at the same time. * Li Bin, founder, chairman and CEO of Weilai, said: "today is a new milestone for Weilai. Listing in Singapore is of great significance to Weilai's global business development plan. With the help of Singapore's important strategic position in the global capital market, Weilai has further improved the layout of the global capital market;"
"We will also make use of the advantages of Singapore's international economic and technological center to carry out in-depth cooperation with Singapore's local scientific research institutions, establish an artificial intelligence and automatic driving R & D center in Singapore, and further improve velai's global R & D and business layout."
It is reported that is listed in Singapore this time. Weilai adopts the way of introducing the listing, which is consistent with that in the Hong Kong Stock Exchange earlier, and does not involve the issuance of new shares and fund-raising** Velai's class A shares listed on the New York stock exchange can be fully converted from its American depositary shares listed on the New York Stock Exchange.
On May 4, the official website of the CSRC showed that 88 Chinese concept stocks, including Weilai and Xiaopeng, were added to the "pre delisting list".
Weilai responded to Wall Street that the company will continue to comply with applicable laws and regulations and strive to maintain its listing status on the Hong Kong Stock Exchange / New York Stock Exchange / New York Stock Exchange.
In addition, Weilai's financial report shows that as of December 31, 2021, Weilai's cash and cash equivalents, restricted cash and short-term investments were 55.4 billion yuan. Up to now, the latest share price of Weilai motor's US stock is US $16.66, with a total market value of US $27.8 billion;
