Didi Global Inc. has begun preparations to withdraw from U.S. stock exchanges and will start work on a Hong Kong share sale, a stunning reversal as it yields to demands from Chinese regulators that had opposed its American listing.
The ride-hailing giant’s board has authorized the company to file for a delisting of its American depositary shares from the New York Stock Exchange and will pursue a listing in Hong Kong, it said in a statement Thursday. It will ensure that the U.S. stock will be convertible into freely tradable shares on another internationally recognized stock exchange, according to the statement.
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December 03, 2021 at 08:11AM
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Didi Prepares U.S. Delisting, Hong Kong Share Debut - Bloomberg
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