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DiDi plans shareholder meeting in May to vote on US delisting

Bloomberg
Bloomberg • 2 min read
DiDi plans shareholder meeting in May to vote on US delisting
The China Securities Regulatory Commission DiDi made the decision based on the market and its own situation. / Bloomberg
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DiDi Global Inc. will hold an extraordinary general meeting on May 23 to vote on delisting its shares from the New York Stock Exchange, a sign the ride-hailing giant is heeding Beijing’s call to address concerns about how its data is handled abroad.

The company said in a statement on Saturday it won’t apply to sell shares on any other stock exchange before finishing the move in the US, adding that it would continue to explore a potential listing on another internationally recognized exchange.

The China Securities Regulatory Commission said in a statement published on its website the same day that DiDi made the decision to delist based on the market and its own situation.

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