The ride hailing-giant said that it plans to pursue a public listing in Hong Kong in the future.
on Chinese social media platform Weibo, stating that the decision was taken after “careful research.”issued to Didi Global’s investors, the company said the move has been authorized by its board.
Instead of buying out all publicly held shares—a move that would cost the company billions—Didi said it will delist its NYSE shares while ensuring that they are convertible into shares that could be freely traded on another international stock exchange The ride hailing giant noted that it will organize a shareholders meeting to vote on the issue at an “appropriate time in the future.”that Didi’s top executives were pressed by Chinese regulators to come up with a plan for the delisting over data security concerns.
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