Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.
FILE PHOTO: The Wall St. sign is seen near the New York Stock Exchange in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermidREUTERS: Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.
In separate announcements earlier on Friday, China Mobile Ltd; China Unicom and China Telecom Corp said they expect the NYSE to notify regulators of their delistings after the companies unsuccessfully appealed the move.The delistings stem from investment restrictions put in place by former U.S. President Donald Trump targeting Chinese technology firms.
The companies said their delistings will be effective 10 days after the exchange files a Form 25 to the U.S. Securities and Exchange Commission.
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