NYSE Pulls Another Reversal, Says It Will Delist Chinese Firms | WHAT REALLY HAPPENED

NYSE Pulls Another Reversal, Says It Will Delist Chinese Firms

Announcing yet another reversal, the New York Stock Exchange (NYSE) said on Wednesday that it will delist three of China’s largest telecommunication companies to comply with an executive order President Trump signed in November.

The NYSE first announced its plan to delist China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd. on New Year’s Eve, then said on Monday that it was reversing the decision.

Finally, on Wednesday, the NYSE said after the Treasury Department’s Office of Foreign Asset Control (OFAC) “provided additional, specific guidance” that it will go ahead with delisting the companies.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA