Poket News

NYSE delisting plan: China’s three big telecom companies lose 1.5 billion US dollars

 

  • China’s 3 big telecom companies have lost 1.5 billion US dollars of market value on concerns related to New York Stock Exchange’s (NYSE) delisting plan. 
  • The NYSE said that it will delist China Telecom Corp. Limited, China Mobile Limited and China Unicom Hong Kong Limited.
  • China Unicom, however, rebounded from as much as a 3.8% slide. 
  • The trio saw their combined market value shrink by 610 billion HK dollars in 2020.