Didi Global to start work on delisting from New York, to pursue listing in Hong Kong

Didi Global to start work on delisting from New York, to pursue listing in Hong Kong

3/12/2021 5:10:00 AM

Didi Global to start work on delisting from New York, to pursue listing in Hong Kong

SHANGHAI: Chinese ride-hailing giant Didi Global will delist from the New York stock exchange and pursue a listing in Hong Kong, it said on Friday (Dec 3), after it ran afoul of Chinese regulators by pushing ahead with its US$4.4 billion US initial public offering in July. The company made the announcement

SHANGHAI: Chinese ride-hailing giant Didi Global will delist from the New York stock exchange and pursue a listing in Hong Kong, it said on Friday (Dec 3), after it ran afoul of Chinese regulators by pushing ahead with its US$4.4 billion US initial public offering in July.

The company made the announcement first on its Twitter-like Weibo account."Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in Hong Kong," it said.It later said in a separate English language statement that its board had approved the move.

"The company will organise a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures," it said.Reuters reported last week citing sources that Chinese regulators had pressed Didi's top executives to devise a plan to delist from the New York Stock Exchange due to concerns about data security. headtopics.com

Covid-19 rules breach: 56 businesses, 360 people caught; authorities taking extra precautions at Chinatown

The company pressed ahead with its New York listing despite a regulator urging it to put it on hold while a cybersecurity review of its data practices was conducted, sources have told Reuters.Didi is also preparing to relaunch its apps in the country by the end of the year in anticipation that Beijing's cybersecurity investigation into the company would be wrapped up by then, Reuters reported earlier this month.

Read more: CNA »

Greenridge Crescent boys’ deaths: 48-year-old father taken back to scene where bodies were found

SINGAPORE — Police officers on Thursday (Jan 27) took Xavier Yap Jung Houn to the scene where the bodies of his two sons were found. The 11-year-old brothers were found dead near a playground in Upper Bukit Timah last Friday. Read more >>

Ultimately all these Chinese companies are beholden to CCP. Yet some ppl inexplicably keep singing praises of these companies 🤷🏽‍♀️ Is this the trend moving forward for the rest of the 'Chinese' companies that are listed in NYSE ?

Global stocks rally set to moderate next year, correction likely - Reuters pollBENGALURU : Global stocks will shake off recent weakness and rise over the next 12 months but at a more tempered pace than this year's rally, found a Reuters poll of equity analysts who also said a correction was likely in the next six months.Uncertainty around the virulence of the Omicron coronavirus var

WTA 'coercing' Peng Shuai with China tournament suspension, says Global Times editorSHANGHAI: The editor of China\u0027s Global Times newspaper accused the Women\u0027s Tennis Association (WTA) of \u0022coercing\u0022 star player Peng Shuai to \u0022support the West\u0027s attack\u0022 on China by suspending tournaments in the country until it was assured of her well-being. Known for his combative tweets, Hu Xijin has

Hong Kong to launch mobile 'health code' app ahead of China border openingHONG KONG — Hong Kong authorities will launch a new 'Big Brother Is Watching You!' HongKong is in 1984 now. OneCountryTwoSystemIsDead No more freedom, human rights and democracy in HK. The CCP and the puppet HongKong government are using the virus to control all HongKongers. StandWithHongKong. Save12hkyouths Such tracking app paves the way for CCP to continue its progressive human rights abuses in Hong Kong, like what happened in Xinjiang The COVID19 measures im China n HongKong aim at controlling ppl's lives n have nth to do w/ science! FreeHongKong StandWithHongKong BoycottBeijingOlympics

Hong Kong COVID-19 quarantine pushes Cathay pilots to 'breaking point'HONG KONG: Cathay Pacific has been hit by a wave of pilot resignations in recent weeks as resentment over Hong Kong\u0027s strict quarantine regime boils over and crew scramble for emerging opportunities overseas. The departures come as Hong Kong ties itself to Beijing\u0027s closed-border zero-COVID strategy - a mo 香港國泰航空公司只能做大陸內地的生意了 The COVID19 measures im China n HongKong aim at controlling ppl's lives n have nth to do w/ science! FreeHongKong StandWithHongKong BoycottBeijingOlympics

Hong Kong quarantine pushes Cathay pilots to 'breaking point'HONG KONG — Cathay Pacific has been hit by a wave of pilot resignations in recent weeks as resentment over Hong Kong's strict quarantine regime boils over and crew scramble for emerging opportunities overseas.

Shuttered Hong Kong democracy paper wins press freedom awardJailed Hong Kong media tycoon Jimmy Lai and the staff of his now-shuttered Apple Daily newspaper have been awarded a prestigious press freedom prize by the World Association of News Publishers. Politicized move!