US industry group applauds NYSE move to delist three Chinese telecoms companies

May 11, 2021 | INVESTING

A US industry group on Monday applauded the New York Stock Exchange’s move to delist China’s big three telecommunications carriers to comply with a ban introduced last year by the Trump administration.The Big Board last week rejected the appeals by the trio – China Mobile, China Unicom (Hong Kong), and China Telecom – to remain on the US stock exchange, the companies said in separate filings on Friday. The NYSE applied to the Securities and Exchange Commission on the same day, starting the…

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