NYSE Reverses Course Again, Will Delist Three Chinese Telecom | Sidnaz Blog


China Telecom had been delisted by the New York Stock Exchange.



Photo:

Qilai Shen/Bloomberg News

The New York Stock Exchange will move forward with delisting three Chinese telecommunications companies targeted by an executive order from President Trump, reversing course again after the NYSE said earlier this week that it wouldn’t delist them.

The NYSE said Wednesday that trading of the U.S.-listed shares of

China Mobile Ltd.


CHL -2.39%

,

China Telecom Corp.


CHA -2.79%

and

China Unicom (Hong Kong) Ltd.


CHU -1.71%

would be suspended at 4 a.m. ET on Monday. Mr. Trump’s order seeks to ban trading in securities of companies that the administration says have links to the Chinese military.

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