Shareholders of China's Didi may back NYSE delisting plan

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China's Didi shareholders are likely to support the company's plan to delist the New York Stock Exchange (NYSE) at Monday's meeting. it is reported by Nikkei Asia.

Didi warned investors last week that they could have trouble trading the stock after the delisting   . Analysts say many shareholders, especially those who invested in the company prior to its initial public offering (IPO), are willing to hold the paper until it secures a spot on the Hong Kong Stock Exchange.

Didi has been under intense pressure from Beijing since it went public on the New York Stock Exchange last June.

SEC Investigates 2021 DiDi IPO DiDi Chuxing , Transportation ,  CHINA In early March of this year, the US Securities and Exchange Commission(SEC) launched an investigation into DiDi related to its IPO last year.

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Exclusion of securities from the list of securities admitted to trading (quotation list of the stock exchange) at the initiative of the issuing company or in connection with the default of the issuer. After delisting, this issuer's securities can only be traded on the OTC market, and the company's capitalization cannot be calculated.