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Diddy asked by Chinese regulators to be excluded from the U.S. due to security concerns: Report

According to Bloomberg News, Chinese regulators have asked ride-haling giant Didi executives to devise plans to exclude them from the US stock exchange due to security concerns.

China’s tech watchdog wants management to withdraw the company from the New York Stock Exchange on concerns about sensitive data leaks, citing people familiar with the matter, the report said. There is.

Diddy did not respond to Reuters’ request for comment.

According to news reports, the proposals under consideration include privatization or stock fluctuations in Hong Kong followed by delisting from the United States.

If privatization progresses, the proposal is likely to have an IPO price of at least $ 14. If the offer goes down shortly after the initial public offering in June, it could lead to proceedings and shareholder resistance.

© Thomson Reuters 2021


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In the Pegasus scandal, Israel is reported to have significantly reduced its list of countries where cybertech can be purchased.

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https://gadgets.ndtv.com/internet/news/didi-delist-nyse-us-stock-china-regulator-security-leak-data-privacy-2625390#rss-gadgets-all Diddy asked by Chinese regulators to be excluded from the U.S. due to security concerns: Report

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