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.