Poket News

NYSE to delist 3 Chinese companies to comply with US executive order

 

  • The New York Stock Exchange has said that it will delist 3 Chinese companies to comply with a US executive order that imposed restrictions on companies that were identified as affiliated with the Chinese military. 
  • The process to delist three companies - China Mobile, China Telecom and China Unicom Hong Kong have started.
  • These companies having separate listings in Hong Kong generate all the revenue for China without any meaningful presence in the US.