RTTNews | Jul 29, 2021 09:59AM EDT

09:58 Thursday, July 29, 2021 (RTTNews.com) - DiDi Global Inc. (DIDI) shares are rising on Thursday morning trade after the company affirmed that the speculation about it going private is not true. The ride-hailing major said it is fully cooperating with the relevant government authorities in China in the cybersecurity review.

A WSJ article had said that the company is considering going private to placate authorities in China and compensate investors for losses incurred. Currently, shares are at $9.65, up 8.79 percent from the previous close of $8.79 on a volume of 43,914,040. The shares have traded in a range of $7.16-$18.01 on average volume of 91,774,425.

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