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Didi says it will leave New York ‘immediately’ and list in Hong Kong, months after disastrous IPO



“After thorough research, the company will commence delisting on the New York Stock Exchange immediately and begin preparations for listing in Hong Kong,” the Chinese ride-hailing company wrote on Friday. verified account on Weibo, a popular Twitter-like platform in the country.

In a separate statement in English, the company said its board of directors has authorized the company to file for a delisting in New York, while ensuring that its shares “will be converted to free stock.” company’s trading on an internationally recognized stock exchange.”

The board has also granted Didi permission to list its shares in Hong Kong, the statement added.

This is a developing story and will be updated.

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