(New York Reuters) China Internet Car Giant Didi Chuxing will face lawsuits in the United States. The company is accused of concealing and violating the Chinese government as required to postpone the first public offering (IPO) in 2021 until it solves network security and privacy issues.The order did not fully disclose the risk and deceived investors.
According to Reuters, on Thursday, local time (March 14), the Judge of the Federal Court of Manhattan in the United States said in a 54 -page ruling that investors who filed a collective lawsuit said that on June 30, 2021Among the IPOs of $ 4.4 billion (S $ 5.8 billion) funds, Didi Chuxing and Corporate executives are based on "specific and personal economic motivation" to issue US deposit shares (ADS) before the Chinese government's rectification of technology companies.Intent to fraud investors.
Didi Chuxing was listed in the United States on June 30, 2021, but less than 48 hours later, the China Internet Information Office announced that it started network security review on Didi Chuxing.Didi Chuxing APP, Didi's stock price plummeted.
In December of the same year, Didi Chuxing announced the start of the work of delisting on the New York Stock Exchange.In July of the following year, Chinese regulators fined $ 1.2 billion in Didi.
