合肥Hefei City Construction and Investment Holding (Group) Co., Ltd.
Hefei City Construction and Investment Holding (Group) Co., Ltd.: what it holds, with stakes and dates
Facts checked
Hefei City Construction and Investment Holding (Group) Co., Ltd. sits at the top of every ownership chain it appears in: this site records no holder above it. The table below lists what it holds, with the stake and the date each holding began.
The short answer
| Controlled by | nothing recorded above it — the top of the chain |
|---|---|
| Kind | state body |
| Recorded holdings | 1 |
| Origin | CN |
| Name in Chinese | 合肥 “huh-FAY” |
What Hefei City Construction and Investment Holding (Group) Co., Ltd. holds
Every current holding recorded from Hefei City Construction and Investment Holding (Group) Co., Ltd. downward: outright ownership, minority stakes, joint ventures and licences, each with the stake as the source states it and the date it began. A joint venture's percentage is a share of that venture, not of the partner.
| Holding | What it is | Share | Since | What the source says |
|---|---|---|---|---|
| NIO | holds a stake in | not published | 29 April 2020 | On 29 April 2020 Hefei City Construction and Investment Holding (Group) led two other state investors in putting RMB 7 billion into NIO (Anhui) Holdings Ltd — 'NIO China' — for 24.1% of that subsidiary. The stake is in the China operating company, not in the listed parent NIO Inc., which contributed its core China businesses, valued at RMB 17.77 billion, plus RMB 4.26 billion in cash for the other 75.9%. NIO moved NIO China's headquarters to Hefei under the same agreements. Whether these holdings have since been bought back or diluted is not verified here. |
Related
Sources for Hefei City Construction and Investment Holding (Group) Co., Ltd.
- NIO, NIO Enters into Definitive Agreements for Establishing NIO China's Headquarters in Hefei. Read . Names the three strategic investors and sets out the RMB 7 billion investment for 24.1% of NIO China.