The state-owned FAW Group has reached out to Didi’s top executives and expressed its interest in becoming a major shareholder in the firm, the report said.
Reuters
May 27, 2022 / 03:22 PM IST
Chinese automaker FAW Group is considering acquiring a significant stake in ride-hailing giant Didi Global Inc, Bloomberg News reported on Friday, citing sources.
The state-owned FAW Group has reached out to Didi’s top executives and expressed its interest in becoming a major shareholder in the firm, the report said.
U.S.-listed shares of Didi were up about 6% at $ 1.96 during early premarket hours.
The report comes after shareholders in Didi approved its U.S. stock delisting plan earlier this week.
Didi did not immediately respond to a Reuters’ request for comment.
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