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Didi Global headquarters in Beijing, China. File photo: BLOOMBERG/YAN CONG
Hong Kong — A majority of shareholders of Chinese ride-hailing company Didi Global voted in favour of its plan to delist from the New York Stock Exchange, the company said in a regulatory filing on Monday.
In an extraordinary general meeting held on Monday, 96.26% of shareholders who were present and voting, voted in favour of delisting Didi’s American depositary shares from the New York Stock Exchange (NYSE), according to a company statement.
Didi, which last month set the meeting on May 23 to vote on the delisting plans, said at the time it will not apply to list its shares on any other stock exchange before the delisting was complete.
There is no promise from Didi on if or when the company could successfully get the shares listed in Hong Kong after delisting from New York. It plans to file a Form 25 with the US Securities and Exchange Commission on or after June 2 to delist its American depositary shares from the NYSE.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Didi shareholders vote for New York delisting
Hong Kong — A majority of shareholders of Chinese ride-hailing company Didi Global voted in favour of its plan to delist from the New York Stock Exchange, the company said in a regulatory filing on Monday.
In an extraordinary general meeting held on Monday, 96.26% of shareholders who were present and voting, voted in favour of delisting Didi’s American depositary shares from the New York Stock Exchange (NYSE), according to a company statement.
Didi, which last month set the meeting on May 23 to vote on the delisting plans, said at the time it will not apply to list its shares on any other stock exchange before the delisting was complete.
There is no promise from Didi on if or when the company could successfully get the shares listed in Hong Kong after delisting from New York. It plans to file a Form 25 with the US Securities and Exchange Commission on or after June 2 to delist its American depositary shares from the NYSE.
Reuters
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