DIDI - Didi Global gains on report of China's FAW interest in possible stake

May, 27 2022 08:04 AM DiDi Global Inc. American Depositary Shares (each four representing one Class A)

DiDi Global (NYSE:DIDI) rose 10% in premarket trading on a report that state-owned carmaker China FAW Group is mulling purchase a "significant" stake in the ride-sharing company. The automaker is said to have reached out to DIDI executives and expressed interest in taking a stake in the company, according to a Bloomberg report. FAW is pitching that it can help DIDI resolve concerns related to data security so the ride-haling firm is able to list in Hong Kong. On Monday, DiDi (DIDI) got a boost after the company informed the U.S. Securities and Exchange Commission that it plans to file the necessary paperwork to de-list its shares from U.S. markets on or after June 2. DiDi (DIDI) said its shares would stop trading on the NYSE about 10 days after it files the appropriate documentation. The move comes along with DiDi's (DIDI) plans to re-list its shares in Hong Kong. The company has been

For further details see:

Didi Global gains on report of China's FAW interest in possible stake

Company Name:	DiDi Global Inc. American Depositary Shares (each four representing one Class A)
Stock Symbol:	DIDI
Market:	NYSE

Twitter