NYSE says it no longer plans to delist China Mobile, China Telecom, and China Unicom, but will continue to evaluate applicability of an US EO to the companies
The New York Stock Exchange announced late Monday it no longer plans to delist three Chinese companies. Source: Intercontinental Exchange .
Axios Rebecca Falconer
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Discussion
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@felixsalmon
Felix Salmon
on x
ayfkm. China Mobile is a $100b company! And NYSE is like “you get delisted!” “Wait hang on, we call take-backsies, you *don't* get delisted!” https://ir.theice.com/...
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@business
@business
on x
The New York Stock Exchange said it no longer plans to delist China's big three telecommunications companies. Shares of China Mobile, China Telecom and Unicom rallied on the latest development, rising more than 6% in Hong Kong trading. https://www.bloomberg.com/...
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@lisaabramowicz1
Lisa Abramowicz
on x
In the meantime, the NYSE's whipsaw actions regarding Chinese Telcos highlights how volatile U.S. policy toward China is right now. https://www.bloomberg.com/...
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@skupor
Scott Kupor
on x
Any reporters out there know the back story on this? Do we think someone from the Biden administration told them to back down? https://twitter.com/...