DiDi Global Inc. operates a mobility technology platform that provides ride hailing and other services in the People's Republic of China, Brazil, Mexico, and internationally. It offers ride hailing, taxi hailing, chauffeur, hitch, and other forms of shared mobility services; auto solutions comprising leasing, refueling, and maintenance and repair services; electric vehicle leasing services; and bike and e-bike sharing, intra-city freight, food delivery, and financial services. The company was formerly known as Xiaoju Kuaizhi Inc. and changed its name to DiDi Global Inc. in June 2021. DiDi Global Inc. was founded in 2012 and is headquartered in Beijing, China.
@Majid Market is rigged. Wall Street MMS are taking advantage of the situation $DIDI! They are raping a girl, it doesnβt mean they can rape all girls!
@Majid just think long term. Treat it as a game, as a lesson to learn and to grow. $DIDI business still there , no one can replace it as the largest mobility service provider. Long term still bullish! The suppression of such a low price is temporary not permanent!
FORM-6K hid the fact that CAC required $DIDI to delist by any means including buyback all ADSs at IPO price! Now $DIDI just forces us to vote for a voluntary delist but CAC and CSRC made clear you need to delist in a responsible way not to ruin the reputation of Chinese enterprises listed overseas!!!
Then CAC, CSRC and SEC will force $DIDI to delist for different sakes!
Eventually $DIDI will have to buyback at $14 IPO price to delist to save the reputation in order to qualify for future IPO on other Exchange!!!
If we vote YES to unconditional delist, then weβll all lose and will never get our money back as all possible failures have been described in this fucking trapster FORM-6K
no consensus so far within board of directors. Vote notice made clearly the board had no suggestion for the vote. But now FORM-6K is apparently suggesting us to vote FOR a voluntary delist. The change of attitudes means big disputes between big shareholders.
not exercising super voting power of Class B shares is apparently the compromise out of disputes perhaps insisted by SOFTBANK and UBER
if voluntary delist as desired by FORM-6K achieved, $DIDI will never be under pressure to buy back at IPO price as time erodes such pressure!
-Form-6K is not honest as it hid the fact that IPO last July was not approved by CAC and CSRC and CEO and CFO should be responsible for
-Form-6K didnβt mention buyback at $14 IPO as an option for the solution to satisfy CAC data security review and rectification. Instead it us full of solicitation to force American shareholders to vote for voluntary delist without any protection measures for shareholders interest!
VOTE AGAINST TO FORCE A BUYBACK @IPO PRICE OF $14!!
implemented, then no
CAC made clear to $DIDI you need to come back to HKSE to satisfy Data Security Law requirement no matter through which means of move from NYSE to HKSE.
Apparently buying back ADSs at IPO price is the best option to protect shareholders interest while saving the reputation of $DIDI.
BUT WEI CHENG doesnβt want to pay back the money $4 billions from IPO regarded as illegal by Chinaβs regulators CAC! FORM-6K is kind of to force shareholders to vote FOR voluntary delist so as to maximize WEI CHENGβs personal interest!!
LETS VOTE AGAINST!!!! To force a buyback at $14!!!
WILL WEI CHENG is a coward!! You lied and IPOed without consent of Chinese regulators. NOW you need to buy back with the money $ 4 billions you collected from IPO to settle the issue!!!!