Sunday, January 3, 2021

New York Stock Exchange delisting 3 Chinese Telecom companies

(NYSE) announced on Dec. 31 that it is in the process of delisting three Chinese telecom companies with ties to the Chinese military.

The three state-owned companies—China Mobile Ltd., China Telecom Corporation Ltd., and China Unicom (Hong Kong) Ltd.—will see their securities suspended from trading between Jan. 7 and Jan. 11, according to a statement. The delisting proceedings were made in compliance with President Donald Trump’s executive order (E.O.) 13959.

Marco Rubio said, “If any future Administration were to reverse course, it would be a clear signal that they are putting the interests of the Chinese Communist Party and Wall Street above the interests of American workers and mom and pop investors.”

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2 comments:

  1. AnonymousJanuary 3, 2021 at 11:15 AM

    thanks, Marco.

    ReplyDelete
  2. AnonymousJanuary 3, 2021 at 1:28 PM

    I don't know how much influence Marco Rubio has over the NYSE, but It's a good way for the Financial Markets to send a message.

    ReplyDelete