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Keyword: chinesetelecoms
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NYSE Reverses Course, Says It Won’t Delist 3 Largest Chinese Telecoms
In a major reversal, the New York Stock Exchange said it no longer intends to delist three Chinese telecom companies that had been targeted by an executive order from President Donald Trump. In a statement late Monday, the NYSE took back its intent to delist China Mobile Ltd. CHL, 8.94%, China Telecom Corp. Ltd. CHA, 9.68% and China Unicom (Hong Kong) Ltd. CHU, 14.00% , which it had announced late on New Year’s Eve. American depository receipts of all three companies had fallen sharply in Monday trading. All three companies are also listed in Hong Kong, where shares of China...
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