Stocks to watch: Nio, CapitaLand India Trust, Elite Commercial Reit

THE following companies saw new developments that may affect the trading of their securities on Tuesday (Dec 19):

Nio : The Chinese electric vehicle maker on Monday bagged another US$2.2 billion from the Abu Dhabi-backed fund CYVN Holdings, which will own a 20.1 per cent stake in Nio upon completion of the deal. Shares of Nio closed Monday up 0.5 per cent, or US$0.04, at US$7.92 before the news.

CapitaLand India Trust (Clint): The real estate investment trust (Reit) has acquired two industrial facilities in Mahindra World City, Chennai, for 1.8 billion rupees (S$28.7 million) upon entering into an amended share purchase agreement with the asset vendors, its trustee-manager said on Tuesday. The transaction follows a forward purchase agreement that Clint inked for the assets in July 2022. Units of Clint ended Monday S$0.02 or 1.7 per cent lower at S$1.14.