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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