May 23 (Reuters) – A majority of shareholders in Chinese ride-hailing giant Didi Global have voted in favor of its plan to delist its shares on the New York Stock Exchange, the group said in a statement on Monday. stock market document.
At an extraordinary general meeting, 96.26% of the shareholders present and voting voted in favor of the withdrawal of its American Depositary Shares from the New York Stock Exchange (NYSE).
On Wall Street, the title gained 2.00% shortly after the opening.
Didi had indicated last month that he would not submit a file to list his securities on other places before his departure from Wall Street was finalized.
The group has made no commitment on a possible listing on the Hong Kong Stock Exchange.
Didi has been in the crosshairs of the Chinese authorities since raising $4.4 billion on the New York Stock Exchange during its IPO in June 2021 when they asked him to freeze the operation in the awaiting the results of a cybersecurity audit of its data practices.
Days after the IPO, the country’s powerful cyberspace watchdog ordered app stores to take down 25 mobile apps managed by Didi and asked the company to stop onboarding new users, on behalf of the national security and the public interest, she explained.
Didi intends to potentially file a form on June 2 with the Securities and Exchange Commission (SEC), the American stock market policeman, to withdraw the listing on the NYSE of its American Depositary Shares (ADS) (Report Julie Zhu in Hong Kong , Nivedita Balu and Sohini Podder in Bangalore, Laetitia Volga version, edited by Jean-Michel Bélot)