Didi aims to apply for Hong Kong admission by the end of April and the listing by June, one of the people said.

China’s ride-hailing giant Didi Global plans to use a mechanism that will allow the company to list shares in Hong Kong without raising capital or issuing new shares if it tries to venture out of New York, two people with knowledge of the matter said.

The plans come as I have is on track to withdraw from the New York Stock Exchange under pressure from Beijing after it clashed with Chinese authorities for promoting an initial public offering (IPO) there earlier this year, despite being asked to stop it during a review putting its data practices on hold was carried out.

The Hong Kong mechanism known as “Listing by Introduction” would allow owners of Didi US shares to gradually transfer them to the city’s stock exchange, people said. They declined to be identified as the plan was not yet public.

Didi aims to apply for Hong Kong admission by the end of April and the listing by June, one of the people said.

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