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Chinese ride-hailing giant Didi delisted from NYSE

Didi delisted from the New York Stock Exchange on Monday after months of speculation, though it will continue to trade its shares under the ticker symbol “DIDIY” on the over-the-counter (OTC) Wall Street securities market, according to a memo posted on the Options Clearing Corp (OCC) website on Friday. China’s largest ride-hailing platform formally began the delisting process by filing paperwork with the US regulators on June 2, 10 days after a majority of public shareholders voted to approve the move via a special resolution. The company earlier told investors that it would not be able to complete a cybersecurity review by the Chinese government before leaving the US stock market. [OCC statement]

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