Didi: Shareholders will vote on May 23 to delist in the United States – 04/17/2022 at 12:29


(Reuters) – Chinese ride-hailing giant Didi Global said on Saturday it would hold an extraordinary general meeting on May 23 to vote on plans to delist its shares in the United States.

The group also indicated that it would not file a file to list its shares on other places before the withdrawal of its American Depositary Shares from the New York Stock Exchange (NYSE) is finalized.

Didi added that he would continue to explore appropriate measures, such as a possible listing on another internationally recognized stock exchange.

The group announced in December that it would pull out of the NYSE and consider a Hong Kong listing after clashing with Chinese regulators when pushing its $4.4 billion IPO plan last year. in the USA.

Chinese authorities had urged Didi to freeze his project pending the results of a cybersecurity audit of its data practices, sources familiar with the matter told Reuters.

A few days after the IPO, the country’s powerful cyberspace regulator ordered app stores to remove 25 mobile apps operated by Didi and asked the company to stop welcoming new users, on behalf of the national security and the public interest, she explained.

In a statement noting Didi’s announcement, China’s securities regulator said the decision was made independently by the company and had nothing to do with other Chinese stocks listed in the United States. , nor with the current efforts by Chinese and American regulators to resolve their dispute over Chinese companies listed in the United States.

(Jahnavi Nidumolu in Bangalore and Brenda Goh in Shanghai, Gilles Guillaume for the French version)


Leave a Comment