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Stocks to watch: Nio, Hafary Holdings, Hwa Hong, Sevens Atelier

Elysia Tan
Published Tue, Jul 12, 2022 · 08:13 AM

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jul 12):

Nio : NIO 0%: The Chinese electric vehicle maker’s board has formed a committee comprising independent directors Denny Ting Bun Lee, Hai Wu and Yu Long to oversee an independent investigation regarding the allegations made in a report by short-seller Grizzly Research. The short-seller claimed on Jun 28 that Nio has been “playing Valeant-esque a…

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