Didi to be Delisted from NYSE!!! Here is the the Key Reason Why

Raising questions of next steps, such as a potential relisting on the Hong Kong Stock Exchange, and move will satisfy Beijing.

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The Beijing-based company said earlier this month that a delisting was needed to complete its ongoing cybersecurity review.

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Headed by former Alibaba executive and one-time billionaire Will Wei Cheng, Didi’s $4.4 billion initial public offering last June.

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Move reportedly never received a clear go-ahead, and authorities have taken down all 26 of Didi’s apps from app stores in China.

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More than 90% of the company’s shareholders were in favor of the delisting at the Monday meeting.

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The company said it would file a Form 25, or its delisting notice, on or after June 2, and withdrawal from New York Stock Exchange.

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Didi, in the meantime, reiterated won’t able to list its shares on any other stock exchange before U.S. delisting completed.

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Didi Global, which counts Softbank, Tencent and Uber among its shareholders, is also suffering from deepening losses.

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Raising questions of next steps, such as a potential relisting on the Hong Kong Stock Exchange, and move will satisfy Beijing.

Didi to be Delisted from NYSE- Shareholders

The Beijing-based company said earlier this month that a delisting was needed to complete its ongoing cybersecurity review.

Didi to be Delisted from NYSE- Beijing Company

Headed by former Alibaba executive and one-time billionaire Will Wei Cheng, Didi’s $4.4 billion initial public offering last June.

Didi Delisted from NYSE- Initial Public Offering

Move reportedly never received a clear go-ahead, and authorities have taken down all 26 of Didi’s apps from app stores in China.

Didi to be Delisted from NYSE- 26 Didi Apps

More than 90% of the company’s shareholders were in favor of the delisting at the Monday meeting.

Didi to be Delisted from NYSE- More than 90%

The company said it would file a Form 25, or its delisting notice, on or after June 2, and withdrawal from New York Stock Exchange.

Didi to be Delisted from NYSE- Form 25 for NYSE

Didi, in the meantime, reiterated won’t able to list its shares on any other stock exchange before U.S. delisting completed.

Didi to be Delisted from NYSE- US Delistings

Didi Global, which counts Softbank, Tencent and Uber among its shareholders, is also suffering from deepening losses.

Didi to be Delisted from NYSE- Deepening Loss

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Didi to be Delisted from NYSE- Swipe UP!!!