• 点赞
  • 2
  • 收藏

NYSE to delist 3 biggest Chinese telecoms to comply with Trump executive order

Dow Jones2021-01-01

MW UPDATE: NYSE to delist 3 biggest Chinese telecoms to comply with Trump executive order

BY Mike Murphy

China Mobile, China Telecom and China Unicom to have U.S. trading suspended as soon as Jan. 7

The New York Stock Exchange announced late Thursday it has begun delisting proceedings the three largest Chinese telecommunications companies in order to comply with an executive order by President Donald Trump targeting companies affiliated with China's military.

Trading of American depositary shares of China Mobile Ltd. $(00941)$, China Telecom Corp. Ltd. $(00728)$ and China Unicom (Hong Kong) Ltd. $(00762)$ will be suspended Jan. 7, unless it can be confirmed that trades executed Jan. 7 and Jan. 8 will be executed, in which case trading will be suspended Jan. 11, the NYSE said. The NYSE said it will provide further information as available.

The NYSE said it will apply to the Securities and Exchange Commission to delist the stocks upon completion of the proceedings, including any potential appeals.

Trump signed the order Nov. 12 , banning Americans from investing in a handful of Chinese companies that the U.S. claim support or supply the Chinese military.

The three companies dominate China's mobile business. China Mobile is China's largest telecom company, and has a market cap of about $116 billion. It has been listed on the NYSE since its blockbuster, $4.2 billion IPO , with a current market cap of about $18 billion.

All three companies are also listed in Hong Kong.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

 

$(END)$ Dow Jones Newswires

December 31, 2020 22:11 ET (03:11 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论2

  • 巴废特
    ·2021-01-03
    希望中国开放证券市场,让美国企业进入中国市场,让他们知道社会的险恶。
    回复
    举报
  • 我们都要努力
    ·2021-01-01
    漂亮
    回复
    举报
 
 
 
 

热议股票

 
 
 
 
 

7x24