The New York Stock Exchange reversed its earlier reversal and once again now intends to begin delisting procedures for China Telecom Corporation Limited, China Telecom Corporation Limited, China Telecom Corporation Limited.
In late December, the NYSE announced the delisting plans in order to be in compliance with President Trump’s Executive Order 13959, which was issued on November 12,2020 and which targets Chinese companies with ties to the PRC’s military and which are seeking investments through public listings on U.S. financial exchanges.
On January 4th, the NYSE reversed its decision saying it no longer would proceed with the delisting of the three Chinese telecom operators.
