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Didi Investors to Vote on NY Delisting After Beijing Crackdown

May 23, 2022
Source: thehamdenjournal.com thehamdenjournal.com
News Snapshot:
(Bloomberg) — Didi Global Inc. is widely expected to secure a blessing from shareholders on Monday to delist in New York, capping an 11-month ordeal that wiped out around $60 billion of its market value and turned the ride-hailing giant into a symbol of China’s tech crackdown. Most Read from Bloomberg The internet firm’s biggest backers including SoftBank Group Corp., Tencent Holdings Ltd. and Uber Technologies Inc. are expected to vote in favor of a delisting at an extraordinary general meeting in Beijing, according to market observers. That would clear the way for the company to cooperate with regulators who...
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