NYSE set to finally go through with Chinese telco ban
After repeatedly changing its mind at the start of the year, the New York Stock Exchange appears ready to delist all three major Chinese MNOs.
After repeatedly changing its mind at the start of the year, the New York Stock Exchange appears ready to delist all three major Chinese MNOs.
Within moments of President Joe Biden’s inauguration, China Mobile, China Telecom, and China Unicom sent in requests for their shares to be reinstated to the New York Stock Exchange.
This is just getting silly now. In the space of a few days the New York Stock exchange has reversed its position three times on the matter of listing China Mobile, Telecom and Unicom.
The New York Stock Exchange reversed its decision to delist China Mobile, China Telecom, and China Unicom before it becomes effective.
The New York Stock Exchange has been compelled to delist the stocks of China Mobile, China Telecom and China Unicom.
The China based internet company Tencent, listed on the HKSE, is planning to spin off its music and entertainment subsidiary and list it separately on an exchange in the US.
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