On Aug 12, 2022 Chinese state-owned oil major PetroChina Company Limited (PTR) announced plans to delist its ADS from the NYSE. The depository BNY Mellon has published the termination notice. According to this notice, the ADR will be terminated effective Monday, Oct 17, 2022. An excerpt from the notice: Under the terms of the Deposit …
Chinese oil giant PetroChina Company Limited (PTR) has announced plans to delist its American Depository Receipts from the NYSE. Some of the reasons for this action include listing fees and low trading volume. The last day the ADR may trade on the NYSE is on or around Sept 8, 2022. Below are the complete details from …
Five Chinese state-owned companies have announced plans to delist their ADSs from the NYSE. This is another blow for US investors holding these ADSs. Investors have to monitor the developments in the next few days and weeks and take action accordingly. Below is an excerpt from a journal article: Five Chinese state-owned companies said they …
Continue reading ‘Five Chinese State-Owned Companies To Delist from New York Stock Exchange’ »
Global energy markets are in turmoil since the invasion of Ukraine by Russia. Crude oil prices especially shot up dramatically only a few days ago but have declined some in the past few days. We can expect the current volatility to continue until the war is over. While the US imports very little from Russia, …
