Didi delisting does not apply to other US listed Chinese companies: China’s regulator
Didi delisting does not apply to other US listed Chinese companies: China’s regulator

Didi delisting does not apply to other US listed Chinese companies: China’s regulator

China’s securities regulator said on Saturday that Didi Global’s decision to delist from the New York Stock Exchange was a decision made by the Chinese giant on its own based on the market and the company’s own situation.

Didi’s delisting has nothing to do with other U.S.-listed Chinese stocks or ongoing efforts between Chinese regulators and their U.S. counterparts to resolve an audit dispute affecting U.S.-listed Chinese firms, the China Securities Regulatory Commission said in a statement on its official WeChat account.

Didi said Saturday it would hold an extraordinary general meeting on May 23 where shareholders can vote on their voluntary delisting from the New York Stock Exchange.

Also read: Didi Global’s New York exit a further blow to Chinese IPOs in the US

Leave a Reply

Your email address will not be published.