Didi Global Inc will hold an Extraordinary General Meeting of Shareholders (EGMS) on May 23 to vote on the planned delisting in the United States (US).
Not only that, the company also said it would not apply to list its shares on other stock exchanges until the delisting of American Depositary Shares on the New York Stock Exchange (NYSE) was completed.
"Will continue to explore appropriate measures including exploring potential listings on other internationally recognized exchanges," the company said.
Meanwhile, Didi announced the delisting plan from the NYSE in December after violating Chinese regulators by pushing for an IPO in the US which reached US$ 4.4 billion last year. At the same time, the company also had plans to pursue listing in Hong Kong.
Meanwhile, Chinese regulators have urged the company to delay listing on other exchanges as a cybersecurity review of its data practices is underway.
China's securities regulator said the decision was a decision the company made independently and had nothing to do with other U.S.-listed Chinese stocks or the ongoing efforts between Chinese regulators and their U.S. counterparts to resolve an audit dispute that ultimately affected Chinese companies listed on the US. US.
Didi's total revenue for the quarter ended December 31, 2021 fell to 40.8 billion yuan, equivalent to US$ 6.40 billion from 46.7 billion yuan a year earlier.
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