Tuesday, May 11, 2021

Three Chinese Telecoms to be Delisted from NYSE

 UPDATE Shares of three major Chinese telecom carriers will be delisted from the New York Stock Exchange after their appeals against being dropped were rejected, reports Markets Insider.
China Mobile, China Unicom (Hong Kong), and China Telecom said they all expected the NYSE to request permission from the Securities and Exchange Commission to delist their American depositary receipts, according to the account. The SEC said the delisting will take effect in ten days, according to the account.  
In response, China Mobile stated it will continue to pay close attention to the development of “related matters and seek professional advice to protect the lawful rights of the company and its shareholders.” Continue Reading

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