Didi Bars Employees From Selling Shares Indefinitely: Report

Author : desertsafari
Publish Date : 2022-02-28


Didi Bars Employees From Selling Shares Indefinitely: Report

Chinese ride-hailing giant Didi Global Inc has barred current and former employees from selling shares of the company indefinitely, the Financial Times reported on Monday, citing people familiar with the matter. The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date, the report said.

Employees will not be able to sell shares until after the company has listed in Hong Kong, according to the report. Didi did not immediately respond to a Reuters request for comment. The company has been the target of a regulatory crackdown in China that has forced the Beijing-based ride-hailing giant to announce plans to delist from the New York Stock Exchange and pursue a Hong Kong listing. The powerful Cyberspace Administration of China told the company to stop registering new users shortly after its NYSE debut in June. Its apps remain under investigation.

Chinese ride-hailing giant Didi Global Inc has barred current and former employees from selling shares of the company indefinitely, the Financial Times reported on Monday, citing people familiar with the matter. The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date, the report said.

Employees will not be able to sell shares until after the company has listed in Hong Kong, according to the report. Didi did not immediately respond to a Reuters request for comment. The company has been the target of a regulatory crackdown in China that has forced the Beijing-based ride-hailing giant to announce plans to delist from the New York Stock Exchange and pursue a Hong Kong listing. The powerful Cyberspace Administration of China told the company to stop registering new users shortly after its NYSE debut in June. Its apps remain under investigation.

Chinese ride-hailing giant Didi Global Inc has barred current and former employees from selling shares of the company indefinitely, the Financial Times reported on Monday, citing people familiar with the matter. The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date, the report said.

Employees will not be able to sell shares until after the company has listed in Hong Kong, according to the report. Didi did not immediately respond to a Reuters request for comment. The company has been the target of a regulatory crackdown in China that has forced the Beijing-based ride-hailing giant to announce plans to delist from the New York Stock Exchange and pursue a Hong Kong listing. The powerful Cyberspace Administration of China told the company to stop registering new users shortly after its NYSE debut in June. Its apps remain under investigation.

Chinese ride-hailing giant Didi Global Inc has barred current and former employees from selling shares of the company indefinitely, the Financial Times reported on Monday, citing people familiar with the matter. The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date, the report said.

Employees will not be able to sell shares until after the company has listed in Hong Kong, according to the report. Didi did not immediately respond to a Reuters request for comment. The company has been the target of a regulatory crackdown in China that has forced the Beijing-based ride-hailing giant to announce plans to delist from the New York Stock Exchange and pursue a Hong Kong listing. The powerful Cyberspace Administration of China told the company to stop registering new users shortly after its NYSE debut in June. Its apps remain under investigation.

Chinese ride-hailing giant Didi Global Inc has barred current and former employees from selling shares of the company indefinitely, the Financial Times reported on Monday, citing people familiar with the matter. The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date, the report said.

Employees will not be able to sell shares until after the company has listed in Hong Kong, according to the report. Didi did not immediately respond to a Reuters request for comment. The company has been the target of a regulatory crackdown in China that has forced the Beijing-based ride-hailing giant to announce plans to delist from the New York Stock Exchange and pursue a Hong Kong listing. The powerful Cyberspace Administration of China told the company to stop registering new users shortly after its NYSE debut in June. Its apps remain under investigation.

Chinese ride-hailing giant Didi Global Inc has barred current and former employees from selling shares of the company indefinitely, the Financial Times reported on Monday, citing people familiar with the matter. The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date, the report said.

Employees will not be able to sell shares until after the company has listed in Hong Kong, according to the report. Didi did not immediately respond to a Reuters request for comment. The company has been the target of a regulatory crackdown in China that has forced the Beijing-based ride-hailing giant to announce plans to delist from the New York Stock Exchange and pursue a Hong Kong listing. The powerful Cyberspace Administration of China told the company to stop registering new users shortly after its NYSE debut in June. Its apps remain under investigation.

Chinese ride-hailing giant Didi Global Inc has barred current and former employees from selling shares of the company indefinitely, the Financial Times reported on Monday, citing people familiar with the matter. The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date, the report said.

Employees will not be able to sell shares until after the company has listed in Hong Kong, according to the report. Didi did not immediately respond to a Reuters request for comment. The company has been the target of a regulatory crackdown in China that has forced the Beijing-based ride-hailing giant to announce plans to delist from the New York Stock Exchange and pursue a Hong Kong listing. The powerful Cyberspace Administration of China told the company to stop registering new users shortly after its NYSE debut in June. Its apps remain under investigation.

Chinese ride-hailing giant Didi Global Inc has barred current and former employees from selling shares of the company indefinitely, the Financial Times reported on Monday, citing people familiar with the matter. The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date, the report said.

Employees will not be able to sell shares until after the company has listed in Hong Kong, according to the report. Didi did not immediately respond to a Reuters request for comment. The company has been the target of a regulatory crackdown in China that has forced the Beijing-based ride-hailing giant to announce plans to delist from the New York Stock Exchange and pursue a Hong Kong listing. The powerful Cyberspace Administration of China told the company to stop registering new users shortly after its NYSE debut in June. Its apps remain under investigation.



Category :travel

Indian Bowlers Leave Sri Lanka Reeling As Visitors 6 Down And Trail By 166 On Day 1 Of 2nd Test

Indian Bowlers Leave Sri Lanka Reeling As Visitors 6 Down And Trail By 166 On Day 1 Of 2nd Test

- Sri Lanka were 86 for 6 in reply to Indias first innings total of 252 at stumps on the opening day of the second


"Sweet Spot Of Trade Dynamics": UK PM-Elect Liz Truss On India-UK Ties

"Sweet Spot Of Trade Dynamics": UK PM-Elect Liz Truss On India-UK Ties

- Liz Truss New UK PM: Truss as International Trade Secretary who signed off on the India-UK Enhanced Trade


Viral Video Shows Elephant Doing Headstand During Bath, Internet Angry

Viral Video Shows Elephant Doing Headstand During Bath, Internet Angry

- A video circulating on social media shows an elephant in a circus-like pose while taking a bath. But the viral video has


Sunrisers Hyderabad vs Lucknow Super Giants Live Score Ball by Ball, IPL 2022 Live Cricket Score Of

Sunrisers Hyderabad vs Lucknow Super Giants Live Score Ball by Ball, IPL 2022 Live Cricket Score Of

- Live Updates of Today Match between Sunrisers Hyderabad vs Lucknow Super Giants from Dr. DY Patil