Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

NYSE to delist China's big three telecom carriers after rejecting Appeals
Published on: 2021-05-10
Share to
User Rating: / 0
PoorBest 

Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.
 

In separate announcements earlier on Friday, China Mobile, China Unicom and China Telecom said they expect the NYSE to notify regulators of their delisting after the companies unsuccessfully appealed the move.
 

A NYSE spokesman declined to comment.
 

The delisting stems from investment restrictions put in place by former U.S. President Donald Trump targeting Chinese technology firms. President Joe Biden has left the rules in place amid continuing tensions between the world's two largest economies, despite objections from businesses.
 

The companies said their delisting will be effective 10 days after the exchange files a Form 25 to the U.S. Securities and Exchange Commission.
 

纽交所还是下手了,将启动对中国三大电信运营商的摘牌程序

5月7日晚间,中国移动、中国联通、中国电信三大运营商均发布了关于美国纽交所(NYSE)维持退市决定的公告,宣布将从美国退市。此前不久,中国电信曾宣布其A股发行上市申请已获中国证监会受理。
 

去年12月31日,纽交所发布声明宣布,为遵守特朗普政府禁止美国人投资“有军方背景的中国企业”的行政令,将启动对中国三大电信运营商的摘牌程序。在随后数月时间内,这一基于政治目的的决定上演了多次“变脸”的戏码。
 

在5月7日发布的公告中,三大运营商均表示,三家中企曾于美东时间1月20日向纽交所提出书面要求,要求纽交所董事会的一个委员会再次审议摘牌决定。但5月6日,该委员会维持了原先的摘牌决定,纽交所将通过发布新闻稿及在官网发布通知的方式公布最终决定。退市将在美国证券交易委员会(SEC)接到纽交所通知10天后生效。

Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2021 BusinessTianjin.com. All rights reserved.