NYSE Reverses Plan to Delist Three Chinese Telecom Firms

Reuters: In sudden u-turn, NYSE scraps plan to delist three Chinese telecom firms

HONG KONG/SINGAPORE (Reuters) - The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants - a shock reversal of an announcement made only last week and deepening confusion over a U.S. crackdown on firms said to be linked to China’s military.

The bourse, which had planned to delist the companies before Jan. 11, said in a brief statement it had made the decision “in light of further consultation with relevant regulatory authorities.”

Hong Kong-traded shares in the state-backed firms, China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd, surged following the news.

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WNU Editor: Why the reversal? It is all about the money .... “China accounts for at least one-fourth of U.S. (stock exchanges’) foreign income (Reuters). So much for President Trump's executive order being respected.

More News On The NYSE Reversing Its Plan to Delist Three Chinese Telecom Firms

NYSE says it will no longer delist three Chinese telecom giants -- CNBC

NYSE Abruptly Reverses Plan to Delist Three Chinese Telecoms -- Bloomberg

NYSE does a U-turn on Chinese telecoms delistings -- BBC

NYSE scraps plan to delist China telecom firms -- AFP

NYSE no longer intends to delist Chinese firms despite U.S. executive order -- Axios

NYSE says it will no longer delist three Chinese telcos -- CGTN

NYSE says no longer intends to delist 3 Chinese telecom players -- China.org.cn