China’s regulator says Didi delisting does not concern other U.S. listed Chinese firms

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 to vote on its voluntary delisting from the New York Stock Exchange.

Authors: Brenda Goh, Min Zhang, Reuters