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DiDi Global Inc. (NYSE: DIDI) has announced its board's support for delisting its American Depositary Shares (ADSs) from the New York Stock Exchange. The company will ensure that ADS holders can convert their shares into freely tradable shares on another recognized stock exchange of their choice. A shareholders meeting will be organized to vote on this matter. Additionally, DiDi is pursuing a listing of its class A ordinary shares on the Hong Kong Stock Exchange.
Positive
Plan for shareholders to convert ADSs into freely tradable shares on a recognized stock exchange.
Authorization to pursue a listing on the Hong Kong Stock Exchange.
Negative
Delisting from NYSE may create uncertainty among investors.
Potential loss of visibility and liquidity in the U.S. market.
BEIJING--(BUSINESS WIRE)--
DiDi Global Inc. (the “Company”) (NYSE: DIDI), the world’s leading mobility technology platform, today announced that its board of directors (the “Board”) has authorized and supports the Company to undertake the necessary procedures and file the relevant application(s) for the delisting of the Company’s ADSs from the New York Stock Exchange, while ensuring that ADSs will be convertible into freely tradable shares of the Company on another internationally recognized stock exchange at the election of ADS holders. The Company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures. The Board has also authorized the Company to pursue a listing of its class A ordinary shares on the Main Board of the Hong Kong Stock Exchange.
About DiDi Global Inc.
DiDi Global Inc. (NYSE: DIDI) is the world’s leading mobility technology platform. It offers a wide range of app-based services across Asia Pacific, Latin America and Africa, as well as in Central Asia and Russia, including ride hailing, taxi hailing, chauffeur, hitch and other forms of shared mobility as well as auto solutions, food delivery, intra-city freight and financial services.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
What is DiDi Global Inc. planning regarding its stock listing?
DiDi Global Inc. plans to delist its ADSs from the New York Stock Exchange and pursue a listing of its class A ordinary shares on the Hong Kong Stock Exchange.
How will ADS holders be impacted by DiDi Global's delisting?
ADS holders will have the option to convert their shares into freely tradable shares on another internationally recognized stock exchange.
When will DiDi Global hold a shareholders meeting regarding the delisting?
DiDi Global will organize a shareholders meeting to vote on the delisting matter at an appropriate time in the future.
What does delisting from the NYSE mean for DiDi Global's investors?
Delisting may create uncertainty among investors and could lead to a loss of visibility and liquidity in the U.S. market.
