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Didi shareholders expected to back U.S. delisting plan

Investors forced to 'play long game' amid unrelenting pressure from Beijing

Didi Global shares closed at $1.50 in New York on May 20, down from their listing price of $14 in June 2021.    © Reuters

HONG KONG -- Didi Global shareholders appear set on Monday to back the company's plan to delist from the New York Stock Exchange less than a year after the Chinese ride-hailing company's $4.4 billion ill-starred debut.

Didi warned investors last week that they may have trouble trading the shares after the delisting. But analysts believe many shareholders, especially those who invested in the company before its initial public offering, are braced to hold onto the shares until the company manages to placate Beijing regulators and secure a place on the Hong Kong Stock Exchange.

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