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Frenchy2016

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Frenchy2016

Re: Frenchy2016 post# 470

Thursday, 12/09/2021 11:29:50 AM

Thursday, December 09, 2021 11:29:50 AM

Post# of 776
Apparently, this is becoming/and has been one person board.
No discussion or whatsoever possible......

Will WIMI be impacted by this change??
TIA



Didi will start delisting from the New York Stock Exchange and will list in Hong Kong instead. Chinese regulators asked the firm's executives to delist from the NYSE due to concerns over sensitive data. China doesn't want tech companies listing in US markets as it brings them under the jurisdiction of US regulators. The US Securities and Exchange Commission recently finalized rules that allow it to delist foreign stocks for failing to meet audit requirements. Almost all US-listed Chinese tech companies are expected to relist in Hong Kong or the mainland.

https://www.cnbc.com/2021/12/03/didi-on-delisting-from-us-and-list-in-hong-kong.html?utm_source=tldrnewsletter
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