DiDi Shareholders Overwhelmingly Back Hong Kong Relisting; Want Independent Director, Open Earnings Calls, and First Shareholder Meeting in Four Years, Survey Finds
Key Highlights
- ➤Shareholders support Hong Kong relisting, with 144 respondents, or 99.3%, voting yes
- ➤All 147 respondents want DiDi’s board to call a shareholders’ meeting
- ➤All 145 respondents want DiDi to disclose its Hong Kong relisting plan
- ➤DiDi shares trade near $3.00, down 79% from the $14.00 IPO price
- ➤SoftBank owns 21.5%, Uber 12.8%, and Tencent 7.1% of DiDi shares
Expert Statements
Peter Halesworth, Founder, Managing Partner and Chief Investment Officer of Heng Ren Partners
“DiDi's shareholders have spoken in their answers to this survey, and their message is clear and consistent”
Peter Halesworth, Founder, Managing Partner and Chief Investment Officer of Heng Ren Partners
“Relist, re-engage, and understand we want representation. These are modest requests that any global public company should be able to meet: tell us the plan to relist in Hong Kong, meet with us, open your earnings calls to everyone, and let us elect an independent director.”
Peter Halesworth, Founder, Managing Partner and Chief Investment Officer of Heng Ren Partners
“We believe relisting in Hong Kong is the most rational outcome for all shareholders, and we think it is consistent with the direction Beijing has encouraged. We call on DiDi's board and management to respond positively with concrete action”
Peter Halesworth, Founder, Managing Partner and Chief Investment Officer of Heng Ren Partners
“None of this will happen unless all shareholders ask for it,”
DiDi Shareholders Overwhelmingly Back Hong Kong Relisting; Want Independent Director, Open Earnings Calls, and First Shareholder Meeting in Four Years, Survey Finds PR Newswire
A Heng Ren Partners survey this month finds at least 99.3% support on five key shareholder issues to boost shareholder value; shareholders want DiDi's board and management to respond with concrete action
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