The New York Stock Exchange will delist China Mobile and peers China Unicom and China Telecom from January 7 to comply with Trump’s executive order. Photo: AFP
The New York Stock Exchange will delist China Mobile and peers China Unicom and China Telecom from January 7 to comply with Trump’s executive order. Photo: AFP
Investing

China’s three telecoms operators face sell-off as New York Stock Exchange moves to delist their depositary receipts

  • NYSE announces plan to delist ADRs of China’s three big telcos to comply with a ban on so-called Communist Chinese military companies
  • Their ADRs and stocks have slumped up to 39 per cent in 2020 from the pandemic and US actions to restrict investment and trade involving blacklisted firms

Topic |   Investing
The New York Stock Exchange will delist China Mobile and peers China Unicom and China Telecom from January 7 to comply with Trump’s executive order. Photo: AFP
The New York Stock Exchange will delist China Mobile and peers China Unicom and China Telecom from January 7 to comply with Trump’s executive order. Photo: AFP
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