China’s telecom giants ask for Wall Street relisting

China’s telecom giants ask for Wall Street relisting

(FASTNEWS | COLOMBO) –  Three Chinese telecom giants have asked the New York Stock Exchange (NYSE) to review its decision to delist them.

The NYSE initially said it would delist China Unicom, China Mobile and China Telecom on 7 January based on a Donald Trump executive order.

After a surprising U-turn in which the US stock exchange changed its mind it eventually settled on delisting them.

Following Mr Trump’s departure from the White House, the three companies have now requested a review from the NYSE.

In near-identical statements the telecoms firms, which are state-backed in China, said they “had complied strictly with the laws and regulations, market rules as well as regulatory requirements”.

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