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(12-03-2022, 02:40 AM)sgbuffett Wrote: Most investors sold.
They cannot push down price and buy from shareholders to delist as they can be voted down by minority shareholders and sued in class action.
They have to offer shareholders HK stock.
This too is not happening because. Authorities block them so they have no way out.
Uncle, they will do a general offer with an anchor partner(s). So many local firms were doing that when they about to delist.
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1. Ride hailing companies operate in 150 countries.
2. In Singapore we have Grab and Gojek from Indonesia.
3. No other country in the world claim this type of taxi service is holding sensitive data that cannot be simply addressed by industry standard cyber measures and privacy protection. All govt issues a set of guidelines that companies can follow and there is no issue.
4. It is very clear that the China Cyber Agency is used as political tool to go after companies the Chinese govt dislike.
5. Nothing Didi can do to get go ahead. They already try for 2 years but cannot.
My conclusion is the China govt wants to punish the company to a desperate state for it's disobedience to make it an example.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(12-03-2022, 02:58 AM)Niubee Wrote: Uncle, they will do a general offer with an anchor partner(s). So many local firms were doing that when they about to delist.
1. Offer can be rejected by shareholders.
2. Because Didi did not disclose they were told by China govt not to list during IPO. They can be sued for damages.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Company is in extreme risk and still bleeding money from operating losses
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(12-03-2022, 03:02 AM)sgbuffett Wrote: 1. Ride hailing companies operate in 150 countries.
2. In Singapore we have Grab and Gojek from Indonesia.
3. No other country in the world claim this type of taxi service is holding sensitive data that cannot be simply addressed by industry standard cyber measures and privacy protection. All govt issues a set of guidelines that companies can follow and there is no issue.
4. It is very clear that the China Cyber Agency is used as political tool to go after companies the Chinese govt dislike.
5. Nothing Didi can do to get go ahead. They already try for 2 years but cannot.
My conclusion is the China govt wants to punish the company to a desperate state for it's disobedience to make it an example.
grab aso kena punished by the china govt?
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