Didi notified the New York Stock Exchange (NYSE) that it would delist from the US . Its shareholders had overwhelmingly backed plans to bring the company’s services back to the Chinese app store. Didi said more than 95 percent of its shares voted in favor of its delisting plan in Monday’s vote. Just under a year ago, Didi pushed ahead with its $4.4 billion U.S. initial public offering (IPO) despite warnings from Chinese regulators. Didi was subsequently subjected to a cybersecurity investigation, which resulted in its app being removed from the app store. Didi said it will start the delisting process as early as June 2, but it remains uncertain whether it will be able to resume normal operations in China.
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