NYSE Says No Longer Intends To Move Forward With Delisting 3 Chinese Telcos
January 05, 2021 11:29 am
FILE PHOTO: 5G active antenna units with logos of China Mobile and Huawei are seen in front of a National People's Congress (NPC) conference center in Luoyang, Henan province, China February 27, 2019. Picture taken February 27, 2019. (Photo : Stringer/Reuters)
Reuters - The New York Stock Exchange said on Monday it no longer intends to move forward with the delisting of China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd.
The exchange, in a statement published on its website, said it made the decision "in light of further consultation with relevant regulatory authorities."
The exchange said last week it would delist the three companies following the U.S. government's move in November to block investment in 31 firms deemed to be owned or controlled by the Chinese military.
© 2020 Reuters All rights reserved.