Chinese ride-hailing giant DiDi is delisting from the New York Stock Exchange (NYSE) and applying to list in Hong Kong instead, just months after making its debut in the United States, the company announced Friday. “Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in Hong Kong,” the company said on its account on the Chinese microblogging network, Weibo. In a separate English language statement, Didi said its board of directors had approved the move and “supports the company to undertake the necessary procedures” and delist its American depositary shares from the New York Stock Exchange while ensuring that they “will be convertible into freely tradable shares of the company on another internationally recognized stock exchange at the election of ADS holders.” “The company will organize a shareholders meeting to vote on the above matter at an appropriate time in the …
DiDi Delisting From NYSE, Applying to List in Hong Kong Instead After Buckling Under Pressure From Chinese Regulators
December 3, 2021
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