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

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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