China Telecom, China Mobile and China Unicom to lose NYSE listing


Key Topics in this News Article:

News Snapshot:

NEW YORK, New York - The New York Stock Exchange (NYSE) is to bow to a decree by U.S. President Donald Trump by pressing on with the delisting of 3 Chinese companies involved in the telecommunications sector. Mr Trump in November, without providing any evidence, accused the companies, China Telecom Corporation Limited, China Mobile Limited, and China Unicom (Hong Kong) Limited, of having ties with the Chinese military. The NYSE said the telecom companies were no longer suitable for listing as Mr Trump's executive order prohibits any share transactions, "designed to provide investment exposure to such securities, of any Communist...