Investors are preparing to vote on whether China's ride-hailing app Didi will delist from the NYSE after year-long slide that erased $60 billion from its market value

Didi is about to find out on Monday whether it can move on to the next phase in its battle with Beijing, which wiped out $60 billion from its business.

An SEC filing states that the company will hold an extraordinary general meeting on Monday to vote on whether to stay on the New York Stock Exchange. The meeting is going to take place in Beijing on Monday.

Didi said in the filing that if they get shareholder approval, they will take steps to delist their American Depositary Shares from the New York Stock Exchange.

Didi said the vote requires a simple majority to pass. SoftBank is one of its biggest shareholders. The annual report shows that Didi's largest shareholders hold around 48% of its equity.

Didi's most significant investors are likely to support the move to delist Didi from the New York Stock Exchange. According to the May filing, it is likely that the company will remain private as it seeks to address Beijing's concerns over how the company is handling cybersecurity issues. The pink-sheets market houses penny stock, which can be traded by shareholders.

When Didi is appeased, the company will seek a listing in Hong Kong.

The vote on Monday is expected to end the dispute between Didi and Beijing.

Didi was asked to delay its listing by Chinese regulators last year. Didi was asked to change systems used to house sensitive user data.

Didi was listed on the New York Stock Exchange in June and drew the ire of Beijing. Chinese regulators opened an investigation into the company on national security grounds. Didi was forced off Chinese app stores.

In April, Didi was locked in a tussle with Beijing, with government officials wanting to increase the penalties on the company for not adhering to Beijing's demands, according to a report last month.

The market value of Didi has been affected by the dispute. When it went public, it was worth about $80 billion, but is now worth about $7.3 billion.

The president of the company set her posts on China's Weibo to private as a result of its clash with Beijing. She wanted to distance herself from the scrutiny of the company.

Didi could be spared scrutiny from US regulators. Didi revealed in the SEC filing that it was working with US officials on investigations related to its listing debacle.

Insider Inc.'s parent company is an investor in the company.