On New Year’s Eve, NYSE made a big announcement to delist Chinese Telecom giants China Mobile (CHL), China Telecom (CHA) and China Unicom (Hong Kong) Limited (CHU).
Late yesterday the NYSE scrapped its delisting plan apparently after checking with regulatory authorities according to a report in the WSJ.
Or it is quite possible that NYSE backed down after China threatened to take retaliatory actions. Either way investors holding any of the above stocks need not have to sell or worry about what to do next.
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Disclosure: No Positions
