Stocks to watch: Yangzijiang Financial, Cordlife, mm2 Asia, Nio

Chloe Lim

Published Thu, Oct 2, 2025 · 08:39 AM

Yangzijiang Financial, and two of its strategic investors, have formed an investment holding platform to acquire 223.3 million shares of Shanshan at 11.44 yuan per share. PHOTO: YEN MENG JIIN, BT

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Oct 2):

Yangzijiang Financial : The investment management company said on Wednesday that it has entered into an agreement, along with its two of its strategic investors, to lead the restructuring of Chinese lithium battery producer Ningbo Shanshan. The parties have formed an investment holding platform to acquire 223.3 million shares of Shanshan at 11.44 yuan per share, which translates to 9.9 per cent of Shanshan’s total share capital. The group will contribute 1.02 billion yuan (S$184.4 million) and hold a 40 per cent interest in the platform. Its shares closed 1.7 per cent or S$0.02 lower at S$1.18 on Wednesday, prior to the announcement.

Cordlife : The cord-blood bank is assessing risks and uncertainties that could impact its ability to continue as a going concern as it faces a potential one-year suspension, it said on Wednesday. The Ministry of Health issued the suspension on Monday after an audit found that Cordlife failed to comply with regulatory requirements. The company said it will provide an update on the outcome of the assessment, which is expected to be completed by the end of the week. Shares of Cordlife ended flat at S$0.215 on Sep 26, before the company called for a trading halt on Sep 29. The trading of its shares will resume on Oct 2.

mm2 Asia : The entertainment company on Wednesday announced that it has applied to the Singapore Exchange for another 90-day extension to hold the company’s annual general meeting (AGM) for the financial year ended Mar 31. It is seeking to extend the AGM – originally due on or before Jul 31 – from the current deadline of Oct 29, 2025, to Jan 27, 2026. This is the second extension mm2 is requesting for its AGM. Shares of mm2 closed 50 per cent or S$0.001 higher at S$0.003 on Wednesday, before the news.

Nio : The Chinese electric vehicle maker delivered 34,749 vehicles in September, its delivery update released on Wednesday indicated. This marked a new monthly record and a 64.1 per cent increase from the year-ago period. For the third quarter of 2025, its vehicle deliveries rose 40.8 per cent on the year to 87,071 vehicles. Nio shares ended on Wednesday at US$7.70, up 6.2 per cent or US$0.45, before the announcement.

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