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  • The New York Stock Exchange said on Monday it has scrapped its plan to delist three Chinese telecom giants China Mobile, China Telecom and China Unicom.

  • In a statement, the exchange said it made the decision quote in light off further consultation with relevant regulatory authorities.

  • It is a U turn from last week when the N Y S E said it would delist the three.

  • In November, the U.

  • S government moved to block American investors from 31 firms it says are owned or controlled by the Chinese military.

  • China Unicom and China Telecom said in statements that they had taken note off the development and would release information in accordance with regulations, adding that investors should pay attention to investment risks.

  • China Mobile was not immediately available for comment.

  • China's Foreign Ministry had called the plan delisting unwise and that it reflected how quote random, arbitrary and uncertain US rules can be.

The New York Stock Exchange said on Monday it has scrapped its plan to delist three Chinese telecom giants China Mobile, China Telecom and China Unicom.

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In sudden reversal, NYSE says will not delist three Chinese telecom firms

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    林宜悉 posted on 2021/01/06
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