Update #2: NYSE to Delist Three Chinese Telecom Firms After All

The New York Stock Exchange reversed its plan again yesterday and announced it will delist the three Chinese Telecom Companies per the original plan announced on New Year’s Eve according an article in the WSJ. So China Mobile (CHL), China Telecom (CHA) and China Unicom (Hong Kong) Limited (CHU) will be delisted between January 7 and 11. More details on the delisting can be find in my earlier post:

You can find additional info on the latest reversal in the below WSJ piece:

Related articles: 

The journal also noted that the US is considering adding Alibaba Group Holding Ltd.(BABA) and Tencent Holdings Ltd  (TCEHY) to the delisting list. BABA fell over 5% yesterday and has a market cap of over $589.0 billion.

Currently over 200 Chinese firms trade on the US markets with a total market cap of over $2.2 Trillion.

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