Chinese Oil Company CNOOC To Be Delisted by NYSE

The New York Stock Exchange (NYSE) has announced plans to delist Chinese oil major CNOOC (CEO) on March 9, 2021. This follows the delisting of three Chinese telecom firms in January. US investors may have to sell their shares before then or take other actions. CNOOC can appeal the NYSE’s decision. However whether that leads …

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Which Chinese Companies are Global Industry Leaders?

Chinese companies are increasingly competing and growing at a global level. As China’s economy grew relatively better than other countries last year, companies from China dominated the Fortune Global 500 list for 2020 overtaking the US. To put this feat in perspective, in the 1990 list there were no Chinese companies in the list.  Sinopec, …

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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 …

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Update: NYSE Scraps Plan to Delist Three Chinese Telecom Firms

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 …

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