NYSE to go ahead with delisting three Chinese telecom firms, reversing course again | The Business Standard
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FRIDAY, SEPTEMBER 22, 2023
NYSE to go ahead with delisting three Chinese telecom firms, reversing course again

Global Economy

Reuters
06 January, 2021, 09:05 pm
Last modified: 06 January, 2021, 09:08 pm

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NYSE to go ahead with delisting three Chinese telecom firms, reversing course again

Plans to delist China Mobile, China Unicom and China Telecom were prompted by a White House executive order banning US investment in Chinese military-linked companies

Reuters
06 January, 2021, 09:05 pm
Last modified: 06 January, 2021, 09:08 pm
FILE PHOTO: View of the NYSE building during snowfall in the Financial District of Manhattan, New York City, New York, US, December 17, 2020. REUTERS/Jeenah Moon
FILE PHOTO: View of the NYSE building during snowfall in the Financial District of Manhattan, New York City, New York, US, December 17, 2020. REUTERS/Jeenah Moon

The New York Stock Exchange said on Wednesday it is planning to move forward with the delistings of three Chinese telecom companies, in another U-turn a day after US Treasury Secretary told the NYSE chief he disagreed with its earlier decision to reverse the delistings.

Plans to delist China Mobile, China Unicom and China Telecom were prompted by a White House executive order banning US investment in Chinese military-linked companies.

World+Biz

NYSE / Chinese company / Delist

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