Investing.com investing.com 05 Jan, 2021 07:30 am

In sudden reversal, NYSE says will not delist three Chinese telecom firms By Reuters

In sudden reversal, NYSE says will not delist three Chinese telecom firms By Reuters
In sudden reversal, NYSE says will not delist three Chinese telecom firms

FILE PHOTO: Signs of China Telecom, China Mobile and China Unicom are seen during the China International Import Expo at the National Exhibition and Convention Center in Shanghai p By Tom Westbrook and Pei Li (Reuters) -The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants that have been targeted by U." It had said on Thursday it would delist China Mobile (NYSE: CHL ) Ltd, China Telecom (NYSE: CHA ) Corp Ltd and China Unicom (NYSE: CHU ) Hong Kong Ltd following U.7%, while China Mobile and China Telecom each gained 5%.Dennison's funds hold China Mobile shares in both Hong Kong and New York, but he has largely unwound New York positions recently, partly to find U.

A representative for China Mobile was not immediately available for comment.Hong Kong-listed shares in the firms surged on the announcement, with China Unicom up 6.

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