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Sputnik International
NYSE Reverses Decision Once Again; To Delist Three Chinese Telecom Companies
BEIJING (dpa-AFX) - The New York Stock Exchange will delist three Chinese telecom companies targeted by a Trump executive order, after earlier scrapping the plan following new specific guidance from the Department of Treasury.
Meanwhile, the Wall Street Journal reported that U.S. is considering prohibiting Americans from investing in Alibaba Group Holding Ltd. and Tencent Holdings Ltd.
The NYSE said Wednesday in a statement that it will move forward with the delisting of three Chinese telecom companies to comply with U.S. law.
The NYSE said it received a guidance on January 5 from the Department of Treasury s Office of Foreign Assets Control indicating that U.S. persons cannot engage in certain transactions in the ADRs of China Telecom Corporation Limited (CHA), China Mobile Limited (CHL), and China Unicom (Hong Kong) Limited (CHU) after 9:30 a.m. eastern time on January 11, 2021.
The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said on Wednesday.
China’s Baidu picks CLSA, Goldman for Hong Kong listing
Baidu has been seeking to catch up in the heated area of online entertainment
(REUTERS)Premium
. Updated: 07 Jan 2021, 03:31 PM IST Bloomberg
More banks could be added and details of the offering including timing and size are subject to change, sources said
Baidu joins a wave of US-listed Chinese firms in seeking a trading foothold in Hong Kong amid simmering tensions between the world’s two biggest economies
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Chinese search engine giant Baidu Inc. has selected CLSA Ltd. and Goldman Sachs Group Inc. for its planned second listing in Hong Kong, which could raise at least $3.5 billion, according to people familiar with the matter.