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Didi-Shareholders will vote on May 23 to delist in the USA


April 16 (Reuters) – Chinese VTC 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 submit a file to list its securities 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 exit the NYSE and consider a Hong Kong listing after clashing with Chinese regulators when it pushed its $4.4 billion IPO project last year. UNITED STATES.

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.

Days after the IPO, the country’s powerful cyberspace watchdog ordered app stores to remove 25 mobile apps operated by Didi and asked the company to stop welcoming new users, in the name of security. national and public interest, she explained.

In a statement noting Didi’s announcement, China’s stock market 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 current efforts by Chinese and American regulators to resolve their dispute over Chinese companies listed in the United States. (Jahnavi Nidumolu Bengalore and Brenda Goh Shangha, Gilles Guillaume for the French version)



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