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NYSE will delist three big China telecoms, reversing decision once again

NYSE will delist three big China telecoms, reversing decision once again CNBC 1/6/2021 Jesse Pound The New York Stock Exchange said its second reversal in two days came after new guidance from the Treasury Department. The NYSE said last week it will remove U.S.-traded shares of China Telecom, China Mobile and China Unicom from the Big Board, but reversed course Monday. NYSE will delist three big China telecom companies, reversing decision again Replay Video UP NEXT The New York Stock Exchange will delist three Chinese telecommunication giants after all, saying its second reversal in two days came after new guidance from the Treasury Department.

NYSE to again delist 3 Chinese telecom companies

NYSE to again delist 3 Chinese telecom companies By (0) The New York Stock Exchange reversed itself for a second time Tuesday and said it will delist three China companies Monday. Photo by John Angelillo/UPI | License Photo Jan. 6 (UPI) The New York Stock Exchange will delist three Chinese telecommunications companies, after all, reversing itself a second time in a head-spinning move after pressure from the Trump administration. The exchange said Wednesday it made it reversal after new specific guidance from the Treasury Department s Office of Foreign Assets Control. That guidance means trading in shares of China Mobile Ltd., China Telecom Corp. and China Unicom Ltd. will end Monday.

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