China Unicom says Trump order to ban US investments in Chinese firms may hit share price
The telecom firm said it was reviewing the consequences of the order on its controlling shareholder China United Network Communications Group.
The logo of China Unicom is displayed at a news conference in Hong Kong March 31, 2009. REUTERS/Tyrone Siu/Files
China Unicom Hong Kong Ltd said on Friday the Trump administration's executive order to ban US investments in some Chinese firms will impact its controlling shareholder, and expects trading in its US shares to be hit.
The telecom firm said it was reviewing the consequences of the order on its controlling shareholder China United Network Communications Group.
"The company expects that the Executive Order will have an impact on the trading prices of its shares and American depository shares," it said in a statement to the Hong Kong exchange after market hours.
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