Stocks to watch: Nio, TSH Resources

THE following companies saw new developments that may affect trading of their securities on Tuesday (Sep 26):

Nio : The Chinese electric vehicle maker on Monday said it had “no reportable capital raising activity”. This was in response to media reports that the company is considering raising around US$3 billion in capital from investors. The group also reported the close of its US$1 billion offering of convertible senior notes. Dual-class shares of Nio in Singapore fell 6.4 per cent or US$0.56 on Monday to end at US$8.24, after both announcements.

TSH Resources: Shares of the oil palm plantation company will commence trading on the Singapore Exchange (SGX) mainboard on Tuesday, following its secondary listing by way of introduction. The company will maintain its primary listing on Bursa Malaysia, and shares of TSH that are listed on Bursa Malaysia and on SGX will be fully fungible. TSH’s shares in Malaysia closed at RM1 per share on Monday or around S$0.2918, based on exchange rates as at 5 pm on Sep 25.