$NIO The biggest shareholder of NIO is related to Chinese government, US SEC begins roll-out of law aimed at delisting Chinese firms(nasdaq.com/articles/u.s.-se...), that’s why NIO is seeking to re IPO in hong Kong. The biggest shareholders must have to sell it off instead of waiting here to die. That’s why I look bearish on it.
U.S. SEC begins roll-out of law aimed at delisting Chinese firms
via: Nasdaq4
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