Stocks to watch: Nio, Thomson Medical

THE following companies saw new developments that may affect trading of their securities on Wednesday (Sep 20):

Nio : The electric vehicle maker on Wednesday announced the pricing of its US$1 billion convertible note offering at 3.875 per cent per annum for notes due 2029, and 4.625 per cent for notes due 2030. Interest will be payable semi-annually in arrears. Dual class shares of Nio ended Tuesday US$0.47 or 4.5 per cent lower at US$9.90 on the Singapore Exchange.

Thomson Medical : The healthcare services provider was granted three months until Dec 10 to restore its public float, which dropped below 10 per cent last week. Shares of the group closed unchanged at S$0.059 on Tuesday, before the announcement.