Home / World News / DiDi Global plans shareholder meeting in May to vote on US delisting

DiDi Global plans shareholder meeting in May to vote on US delisting

The Chinese government was angered by DiDi's US listing in mid-2021, and days later launched a cybersecurity probe into the firm and forced its services off domestic app stores

Premium

Photo: Bloomberg

2 min read Last Updated : Apr 17 2022 | 2:19 PM IST

DiDi Global Inc. will hold an extraordinary general meeting on May 23 to vote on delisting its shares from the New York Stock Exchange, a sign the ride-hailing giant is heeding Beijing’s call to address concerns about how its data is handled abroad.

The company said in statement on Saturday it won’t apply to sell shares on any other stock exchange before finishing the move in the US, adding that it would continue to explore a potential listing on another internationally recognized exchange.

The China Securities Regulatory Commission said in a statement published on its website the same day that DiDi made

Topics : Didi China USA Securities and Exchange Commission

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in