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From pity to pissed
$DiDi Global Inc.(DIDI)$ I realised that Didi is really very innovative in dogging regulations and fooling its investors. When they knew Chinese regulators wanted them not to go IPO, they innovated and fooled everyone. When they knew they were not qualified HK stock exchanges' rules, they fooled everyone again in Dec. Cannot wait to see how they are going to fool the retail investors again inMay. doing this 3 times in a roll? I felt pity about the management of this company initially, but now seriously doubting their integrity.
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MaxInvestor89 : Why aren't they not qualified for HK listing?
NotAI OP MaxInvestor89 : https://www.ft.com/content/7faaa91e-e190-4e98-aeab-f1287aedd21d
MaxInvestor89 NotAI OP : Can't see that article, but I guess it is like this one: https://www.protocol.com/bulletins/didi-hkse-listing-suspension
they can't list because of Chinese CAC, for the same reason they couldn't stay on the NYSE, because of dear.of data leaks...
NotAI OP MaxInvestor89 : Two big challenges are the unresolved government investigation into Didi and its continuing problems obtaining the correct permits for its business and drivers in several cities across China.
Didi declined to comment on the fines and compliance issues. The person close to Didi’s executive team said the Hong Kong exchange wanted Didi to be fully compliant in 70 to 80 per cent of the company’s 100 biggest Chinese cities, but that it was impossible for Didi to do so quickly.
“HKEX lowering the compliance requirements is key to [Didi] being able to list there . . . there is currently no way that any ride-hailing company could get listed there,” the person said.
MaxInvestor89 NotAI OP : That is VERY interesting, thanks for sharing