Didi Global (DIDI) is getting delisted
We'd like to inform you that DiDi Global Inc (DiDi) will be delisted from all U.S. markets as soon as the 1st quarter of 2022.
We'd like to inform you that DiDi Global Inc (DIDI) will be delisted from all U.S. markets as soon as the 1st quarter of 2022. As a result, you will be unable to buy shares of "DIDI", and only able to liquidate - effective as of market open today, December 7th, 2021.
What is delisting?
A delisting is the removal of a listed security from a stock exchange. Delistings can be voluntary or involuntary and usually occur when a company ceases operation, declares bankruptcy, merges, does not meet listing requirements, or seeks to become private.
Reason for DIDI Delisting
DiDi did not explain its reasons for the plan but said in a separate statement it would organize a shareholder vote at an appropriate time and ensure its New York-listed stock would be convertible into "freely tradable shares" on another internationally recognized stock exchange.
What this means for you
Our partner, DriveWealth can no longer offer purchases of this security. As such, here's a procedure to help facilitate the liquidation of any of your positions:
Once the security is set to liquidate only (as in this case), buy orders will not be accepted
Account-holders may liquidate their position prior to its effective date of delisting
If not liquidated prior to delisting, the accounts will hold the security placed on a "chill" until any resolution is announced.
A chill is when the Depository Trust Company (DTC) places one or more restrictions on transactions regarding a given security
It's best advised for customers to liquidate than to hold a chilled security
Our partner, DriveWealth has not and does not facilitate conversion to local market shares
Should you have any questions, please do not hesitate to reach us at hello@troveapp.co or +2349077132746.
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