Didi units shareholder assembly to vote on U.S. delisting plans

A display screen presentations buying and selling data for ride-hailing large Didi World at the ground of the New York Inventory Alternate (NYSE) in New York Town, U.S., December 3, 2021. REUTERS/Brendan McDermid

April 16 (Reuters) – Didi World Inc (DIDI.N) will hang an abnormal common assembly (EGM) on Would possibly 23 to vote on its delisting plans in the US, the corporate stated in a observation on Saturday.

The Chinese language ride-hailing company additionally stated it’s going to now not practice for record of its stocks on another inventory trade ahead of crowning glory of delisting of its American Depositary Stocks (the “ADSs”)from the New York Inventory Alternate (NYSE).

Chinese language government have come down onerous on Didi, after its NYSE record in June final yr, hard it take down its app from cellular app retail outlets whilst the Our on-line world Management of China (CAC) investigated its dealing with of purchaser information.

Below drive from Chinese language regulators interested by information safety, Didi in December 2021 determined to delist from the U.S. and pursue a Hong Kong record. learn extra

The corporate will proceed to discover suitable measures that come with exploring possible record on every other across the world identified trade, it stated.

Didi’s general revenues for the quarter ended December 31, 2021 fell to 40.8 billion yuan($6.40 billion) from 46.7 billion yuan a yr previous.

($1 = 6.3705 Chinese language yuan renminbi)

Reporting by way of Jahnavi Nidumolu in Bengaluru, Enhancing by way of Franklin Paul

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