Here's How DiDi Looks To Hong Kong Listing

December 29, 2021 9:24 AM | 1 min read |

China's ride-hailing giant DiDi Global Inc DIDI looks to 'listing by introduction' to gradually allow owners of Didi U.S. shares to transfer them to the city's bourse, Channel News Asia reports.
Now it can list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York.
Didi aims to file for the Hong Kong listing by April and list by June.
Didi is moving towards withdrawing from the U.S. under pressure from Beijing over pursuing its IPO despite a regulatory warning.
Didi has picked Goldman Sachs, China Merchants Bank International (CMBI), and China Construction Bank International (CCBI) to manage the Hong Kong listing process.
Price Action: DIDI shares traded lower by 1.86% at $5.28 in the premarket session on the last check Wednesday.