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China's regulator says Didi delisting does not concern other U.S. listed Chinese firms

Published 04/16/2022, 11:14 AM
Updated 04/16/2022, 11:30 AM
© Reuters. A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid

SHANGHAI (Reuters) - China's securities regulator said on Saturday that Didi Global decision to delist from New York Stock Exchange was a decision the Chinese ride-hailing giant made on its own based on the market and the company's own situation.

© Reuters. A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid

Didi's delisting has nothing to do with other U.S.-listed Chinese stocks or ongoing efforts between Chinese regulators and their U.S. counterparts to resolve an audit dispute affecting U.S.-listed Chinese firms, the China Securities Regulatory Commission said in a statement on its official WeChat account.

Didi said on Saturday it would hold an extraordinary general meeting on May 23 for shareholders to vote on its voluntary delisting from the New York Stock Exchange.

Latest comments

The SEC needs to force delist the Chinese Communists' companies in the USA.
Chinese companies, even ones not labelled state companies, don't make decisions without approval or direction from the CCP.
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