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      China wants DiDi to delist from U.S. on security fears

      $DiDi Global (Delisted) (DIDI.US)$ Chinese regulators have asked top executives at DiDi Global to devise a plan to delist from U.S. stock exchanges.
      The Cyberspace Administration of China, the agency responsible for data security in the country, has directed DiDi to work out precise details of taking the company off the New York Stock Exchange because of concerns about leakage of sensitive data, according to the report.
      Proposals under consideration include a straight privatization or a share float in Hong Kong followed by a delisting from the U.S., Bloomberg says.
      Didi moved ahead with its NYSE offering this summer despite requests from Chinese regulators that it ensure the security of its data, sparking threats of severe penalties.
      China wants DiDi to delist from U.S. on security fears
      Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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