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Didi delists from NYSE as Chinese authorities probe operations

Source: pdnews.cn pdnews.cn
News Snapshot:

File photo: Shine.com Didi will delist from the New York Stock Exchange after Chinese authorities launched a probe into its operations. The ride-hailing service platform, which acquired smaller rival Kuaidi to become a dominant player in the Chinese market in 2015, said it planned to file its delisting notification with the SEC on or after June 2 and share trading would stop 10 days later. About 96 percent of shareholders voted for delisting in an extraordinary meeting on Monday. Didi completed its listing with an initial public offering price of US$14 less than a year ago and it traded at…

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