China asks Didi to delist from US on security fears: Bloomberg News
Chinese regulators have asked top executives of ride hailing giant Didi Global Inc to devise a plan to delist from U.S. bourses on Security fears, Bloomberg News reported.
Chinese regulators have asked top executives of ride hailing giant Didi Global Inc to devise a plan to delist from U.S. bourses on Security fears, Bloomberg News reported.
See Zee Business Live TV Streaming Below:
https://www.bloomberg.com/news/articles/2021-11-26/china-is-said-to-ask-... said, citing people familiar with the matter.Didi did not respond to a Reuters request for a comment.
Proposals under consideration include a straight up privatization or a share float in Hong Kong followed by a delisting from the United States, according to the news report.
If the privatization proceeds, the proposal will likely be at least $14 IPO price if the privatization proceeds, since a lower offer so soon after the June initial public offering could prompt lawsuits or shareholder resistance, the report said, citing sources.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.