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Hold on to your shares until further news.
The buy back may be at $14.
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Cookie Jar Fund : where the news
doctorpot1 Cookie Jar Fund : this is the news. but the 14 buy back quite unlikely. I pray they do so can 2x gains but doubt so.
weWin889 : I don't think they will be willing to "refund" investors accordingly to IPO price.
TRIUMPHANT RETURNS : why should they buy back 14, when they can buy it from the market at a 8, 9 until they have monopoly majority, rest simply hv to sell at whatever price they put up.
DamZhamEnterprise TRIUMPHANT RETURNS : omg, finally a wrinkled big brain guy that can think logically
doctorpot1 TRIUMPHANT RETURNS : There are laws protecting minority shareholder from such aggressive act hahahaha. Think about it, if there are no law protecting the minority shareholder then companies can just do a rug pull anytime they want. Just like the Squid Game crypto coin.
This breaks the trust in the financial market then no one dare to invest already and the whole financial market collapse.
Cookie Jar Fund : 1. before I comment, I clarified that I do hold a small percentage of Didi in my portfolio
2. listco is not allow to buyback its own shares unless it seek for the approval through egm from shareholders.
3. if buyback for the purpose of delist must provide an offer price,
4. if offered price is not "sincere" buyback might not be possible thus not completed
5. Uber have announced share sale but unlikely have began becos most lockup monotoriam is 6mths.
6. Didi can afford to be delist and relist elsewhere but cannot afford to be totally banned in China under national security law.
7. Majority shareholders of Didi is not China citizen
Cookie Jar Fund : Regulatory risk
1. Didi likely breach anti competition laws even before listing.
2. Didi have about 60 million monthly active users, any govt will be concern about the data of users.
3. unless US compromise on what kind of data they can access on Didi, unlikely they will continue to support Didi listing
4. Singapore needs to be concern as we are listing a similar company in US. Grab spac altimeter growth capital
MonkeyGee Cookie Jar Fund : If China wants anyone to trust their stock market they will have to make DIDI investorsr whole. If you burn the big guys they will dump all china stocks from their holding and collapse the chinese market and this is not the time for anyone to be in a finanical war!
Cookie Jar Fund : trusting china stock is one thing, "right" to comb through user data of private company is another. opening up your user data and listing in US does not make you trustworthy
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