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Chinese telecom stocks to be de-listed as NYSE reverses course again

Chinese telecom stocks to be de-listed as NYSE reverses course again The New York Stock Exchange will delist three major Chinese telecoms after some back and forth discussion with the Department of Treasurys Office of Foreign Assets Control. China Mobile, China Telecom, and China Unicom will now officially be delisted from the New York Stock Exchange as of 9:30 AM ET January 11 th, 2021. Chinese authorities and the China Securities Regulatory Commission have denounced the move by President Trum...
United States Wang Yi Dan David Wolfpack Research York Stock Exchange China Mobile

NYSE Will Again Delist Three Chinese Telecom Stocks—2nd Update

Provided by Dow Jones By Alexander Osipovich The New York Stock Exchange will move forward with delisting three Chinese telecommunications companies targeted by an executive order from President Trump, reversing course yet again after the NYSE said earlier this week that it wouldnt delist them. The NYSE said Wednesday that trading of the U.S.-listed shares of China Mobile Ltd., China Telecom Corp. and China Unicom (Hong Kong) Ltd. would be suspended at 4 a.m. ET o...
United States Alexander Osipovich Stacey Cunningham Steven Mnuchin Joe Biden Dan David

NYSE Will Again Delist Three Chinese Telecom Stocks — 3rdd Update

Provided by Dow Jones By Alexander Osipovich The New York Stock Exchange will move forward with delisting three Chinese telecommunications companies targeted by an executive order from President Trump, reversing course yet again after the NYSE said earlier this week that it wouldnt delist them. The NYSE said Wednesday that trading of the U.S.-listed shares of China Mobile Ltd., China Telecom Corp. and China Unicom (Hong Kong) Ltd. would be suspended at 4 a.m. ET o...
United States Marco Rubio Alexander Osipovich Stacey Cunningham Steven Mnuchin Joe Biden

Roche Cyrulnik Freedman LLP was appointed Lead Counsel and is actively pursuing claims on behalf of investors in a securities class action against Qutoutiao, Inc.

Share this article Share this article NEW YORK, Dec. 29, 2020 /PRNewswire/ --ย On November 4, 2020, United States District Court Judge Sidney Stein appointed Roche Cyrulnik Freedman LLP to be Lead Counsel on behalf of Lead Plaintiff James Pappa in Steven Burnham v. Qutoutiao, Inc. et al., 20-cv-06707-SHS (S.D.N.Y.) and Howard Brown v. Qutoutiao, Inc. et al., 20-cv-07717-SHS (S.D.N.Y.). This securities class action is brought on behalf of anyone who acquired shares of Qutoutiao, Inc. (QTT) (1)...
United States Steven Burnham Sidney Stein Howard Brown Roche Cyrulnik Freedman James Pappa

China's Luckin Coffee will pay $180 million to settle accounting fraud charges – TechCrunch

Chinaโ€™s Luckin Coffee will pay $180 million to settle accounting fraud charges Chinaโ€™s embattled coffee delivery startup Luckin has reached a settlement with the U.S. Securities and Exchange Commission, agreeing to pay a $180 million penalty to settle charges that it overstated its revenues, expenses and losses by the hundreds of millions of dollars. The announcement by the market regulator arrived Wednesday evening, months after short-seller Muddy Waters first reported the alleged fraud ea...
New York United States Stephanie Avakian Muddy Waters Exchange Commission Wolfpack Research

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