NYSE reverses course again with plan to delist Chinese telecoms firms

The New York Stock Exchange on Wednesday said it is moving forward to delist three Chinese telecommunications carriers again less than two days after it halted that plan.The decision is based on “new specific guidance received on Jan. 5, 2021, that the Department of Treasury’s Office of Foreign Assets Control provided to the NYSE,” the exchange said in a statement Wednesday. “The issuers have a right to a review of this determination.”The ADSs of China Telecom fell by as much as 4.1 per cent to…

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