NYSE says no longer plans to delist China telco giants


By Shirley Zhao


The New York Stock Exchange said it no longer plans to delist China’s big three telecommunications companies, in a U-turn that came days after announcing the move to comply with a US executive order.

Shares of China Mobile Ltd, China Telecom Corp and China Unicom Hong Kong Ltd rallied on the latest development, rising more than 6 per cent in Hong Kong trading.





READ SOURCE

READ  House prices fell 1.6% in March after 'eye-watering' record February rise but still up year-on-year

LEAVE A REPLY

Please enter your comment!
Please enter your name here