Didi announced on April 16 that it would hold a shareholders' meeting to vote on the delisting of the company's shares from the New York Stock Exchange.
When answering a reporter's question on the same day, the responsible person of the relevant department of the CSRC said that this is an independent decision made by the enterprise according to the market and its own situation. The CSRC has always insisted that the overseas listing activities of enterprises should comply with the laws and regulations and regulatory rules of the place of listing and the place of operation, and require listed companies to effectively protect the legitimate rights and interests of investors, especially small and medium-sized investors. The specific case of Didi's voluntary delisting has nothing to do with other Chinese stocks listed in the United States, and has nothing to do with the ongoing Sino-US audit and regulatory cooperation consultations, and does not affect the cooperation process between the two sides.
Source: CSRC official WeChat public account
Didi Chuxing announced on its official website that it will hold a special general meeting of shareholders at 19:00 on May 23 to vote on the voluntary delisting of the company's American depositary shares on the New York Stock Exchange, and the company will not apply for listing of its shares on any other stock exchange until the delisting is completed.
Image source: Didi Chuxing's official website
Didi Chuxing's latest closing price was $2.46, with a market value of $11.9 billion, down more than 80% from the all-time high at the beginning of the listing.
Source: Wind
Editor: Li Ruoyu Ye Song