NYSE Reverses Course Again, Will Delist Three Chinese Telecom Stocks
January 06 2021 - 10:52AM
Dow Jones News
By Alexander Osipovich
The New York Stock Exchange will move forward with delisting
three Chinese telecommunications companies targeted by an executive
order from President Trump, reversing course again after the NYSE
said earlier this week that it wouldn't delist them.
The NYSE said Wednesday that trading of the U.S.-listed shares
of China Mobile Ltd., China Telecom Corp. and China Unicom (Hong
Kong) Ltd. would be suspended at 4 a.m. ET on Monday. Mr. Trump's
order seeks to ban trading in securities of companies that the
administration says have links to the Chinese military.
(More to Come)
(END) Dow Jones Newswires
January 06, 2021 10:37 ET (15:37 GMT)
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