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Title : NYSE Reverses Plan to Delist Three Chinese Telecom Firms
link : NYSE Reverses Plan to Delist Three Chinese Telecom Firms

NYSE Reverses Plan to Delist Three Chinese Telecom Firms

 

Reuters: In sudden u-turn, NYSE scraps plan to delist three Chinese telecom firms 

HONG KONG/SINGAPORE (Reuters) - The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants - a shock reversal of an announcement made only last week and deepening confusion over a U.S. crackdown on firms said to be linked to China’s military. 

The bourse, which had planned to delist the companies before Jan. 11, said in a brief statement it had made the decision “in light of further consultation with relevant regulatory authorities.”  

Hong Kong-traded shares in the state-backed firms, China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd, surged following the news. 

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WNU Editor: Why the reversal? It is all about the money .... “China accounts for at least one-fourth of U.S. (stock exchanges’) foreign income (Reuters). So much for President Trump's executive order being respected. 

 More News On The NYSE Reversing Its Plan to Delist Three Chinese Telecom Firms 

NYSE says it will no longer delist three Chinese telecom giants​ -- CNBC 

NYSE Abruptly Reverses Plan to Delist Three Chinese Telecoms -- Bloomberg 

NYSE does a U-turn on Chinese telecoms delistings -- BBC 

NYSE scraps plan to delist China telecom firms -- AFP 

NYSE no longer intends to delist Chinese firms despite U.S. executive order -- Axios 

NYSE says it will no longer delist three Chinese telcos -- CGTN 

NYSE says no longer intends to delist 3 Chinese telecom players -- China.org.cn

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