Home News Electric vehicles

Nio forms independent committee to probe short seller's allegations

The Edge Singapore
The Edge Singapore7/11/2022 09:10 PM GMT+08  • 1 min read
Nio forms independent committee to probe short seller's allegations
"The company reiterates its continued and unwavering commitment to maintaining high standards of corporate governance"
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

China-based electric car marker NIO plans to form an independent committee to oversee an investigation regarding allegations made by Grizzly Research.

On June 28, Grizzly Research, a self-declared a short seller, alleges that Nio has overstated its revenue, among other reasons cited for shorting the stock.

The committee was formed “in order to protect the interests of all shareholders.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.