My investing muse - Delisting of $DIDI, the impact, OTC & ADS (04Dec2021)
$DiDi Global Inc.(DIDI)$ made the following announcement to delist their stock from the US stock exchange on 2nd Dec 2021. DIDI announcement 02 Dec 21 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 Exchan...