GIC

abbreviation

1. Guaranteed Investment Certificate: a form of investment that earns interest but is guaranteed not to incur loss

Example Sentences

The electric-vehicle maker’s Hong Kong shares fell after investor GIC filed a lawsuit against the company in the U.S., alleging it inflated the value of its securities.

Read more on The Wall Street Journal

The electric-vehicle maker’s Hong Kong shares fell after investor GIC filed a lawsuit against the company in the U.S., alleging it inflated the value of its securities.

Read more on The Wall Street Journal

NIO stock dropped 7.3% after Singapore’s GIC filed a lawsuit alleging artificial inflation of the Chinese electric car maker’s U.S. share price.

Read more on Barron's

GIC, which bought 54.5 million ADRs between Aug. 11, 2020, and July 11, 2022, claims prices were inflated by the defendants’ fraud.

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The move came after the Singaporean fund GIC filed a U.S. lawsuit seeking damages from NIO, and naming the company, CEO Bin Li, and CFO Wei Feng as defendants.

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