News Snapshot:
SHANGHAI (Reuters) – China’s securities regulator said on Saturday that Didi Global decision to delist from New York Stock Exchange was a decision the Chinese ride-hailing giant made on its own based on the market and the company’s own situation. Didi’s delisting has nothing to do with other U.S.-listed Chinese stocks or ongoing efforts between Chinese regulators and their U.S. counterparts to resolve an audit dispute affecting U.S.-listed Chinese firms, the China Securities Regulatory Commission said in a statement on its official WeChat account. Didi said on Saturday it would hold an extraordinary general meeting on May 23 for shareholders...
