NYSE will no longer delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd

In a statement the New York Stock Exchange said, it no longer intends to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd “in light of further consultation with relevant regulatory authorities.”

Last week the NYSE had said, it would delist the three companies after the U.S. government moved to block investment in 31 Chinese firms that are deemed to be owned or controlled by the Chinese military.

Following the announcement, the Hong Kong-listed shares of the three firms surged with China Mobile and China Telecom gaining by 7% each and China Unicom moving up by 9%.



Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy

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