China asks Didi to delist from US on security fears

China‘s tech watchdog needs the administration to take the corporate off the New York Stock Exchange on issues about leakage of delicate information,
the report said, citing folks conversant in the matter.

Didi didn’t reply to a Reuters request for a remark.

Proposals into account embrace a straight up privatisation or a share float in Hong Kong adopted by a delisting from the US, based on the information report.

If the privatisation proceeds, the proposal will seemingly be not less than $14 IPO worth if the privatisation proceeds, since a decrease supply so quickly after the June preliminary public providing might immediate lawsuits or shareholder resistance, the report mentioned, citing sources.