Dow Today – China Asks Didi for Delisting Plans on Data-Security Concerns, Bloomberg Reports
— Chinese regulators have asked Didi Global Inc. executives to come up with a plan to delist from the New York Stock Exchange due to concerns about leakage of sensitive, Bloomberg reports, citing unnamed sources.
— The Cyberspace Administration of China has directed Didi to devise precise details for government approval, according to Bloomberg.
— Potential delisting plans include a privatization of at least $14 a share or a share float in Hong Kong at a discount to the stock’s latest closing price of $8.11, Bloomberg reports.
— Regulators may still backtrack on their request, according to Bloomberg.
Full story: https://bloom.bg/3reNyRd
Write to Yifan Wang at [email protected] Zoom.com
(END) Dow Jones Newswires
November 25, 2021 22:37 ET (03:37 GMT)
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