More

    The NYSE proceeds with the delisting of three Chinese telecommunications companies, reversing the course again

    (Reuters) – The New York Stock Exchange said Wednesday it plans to move forward with the withdrawals of three Chinese telecom companies, in another U-turn a day after the U.S. Treasury Secretary told the chief. of the NYSE to disagree with its earlier decision to reverse the revocations.

    Plans to remove China Mobile, China Unicom and China Telecom were prompted by a White House executive order banning US investment in Chinese military-related companies.

    Reporting by Anirban Sen in Bengaluru; Editing by Arun Koyyur

    - Advertisement -

    Latest Articles