The New York Stock Exchange will delist China’s three large telecommunication carriers, following a U.S. government order barring Americans from investing in firms it says help the Chinese military.
This will result in China Mobile Ltd. —which is among the most valuable of China’s listed state-owned enterprises—being kicked off the Big Board after more than two decades, following the privatization of its predecessor in 1997.
NYSE said, at the latest, that it would suspend trading in securities issued by China Mobile, China Telecom Corp. , and China Unicom Hong Kong Ltd. at 4 a.m. on Jan. 11. It will …
Related posts:
: IMF warns ‘cryptoization’ of emerging economies could threaten growth, financial stability
NewsWatch: The biggest risk facing investors this earnings season is lurking just beneath the surfac...
: Mortgage rates jump above 3%, creating pressure for home buyers
They Want to Hand Your Kid a Debit Card. What Do You Do?
