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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 Treasury's 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 Trump and the NYSE.  Investors have been whiplashed by the decision as well. All three Chinese telecom...

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 wouldn't 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 on Monday. Mr. Trump's order seeks to ban trading in securities of companies that the administration...

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 wouldn't 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 on Monday. Mr. Trump's order seeks to ban trading in securities of companies that the administration...

Share this article Share this article NEW YORK, Dec. 29, 2020 /PRNewswire/ -- 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) pursuant to the Company's September 2018 initial public offering or (2) from the market between Sep...

China’s Luckin Coffee will pay $180 million to settle accounting fraud charges China’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 early this year. In response to the allegations, Luckin said in April it would launch an internal prob...