new York Chinese Uber rival Didi Chuxing, who has come under heavy pressure from China’s regulators, has announced steps to withdraw from the New York Stock Exchange. As the company announced, the delisting should begin as soon as the board of directors has given its approval. Votes should be taken at a shareholders’ meeting later. At the same time, a listing on the Hong Kong stock exchange will be sought.
Just a few days after its IPO in the summer, the transport service broker was targeted by Chinese regulators, who reportedly wanted to prevent Didi from going public abroad.
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