BEIJING: NYSE says no longer intends to move forward with delisting 3 Chinese telcos

BEIJING:
The New York Stock Exchange (NYSE) said on Monday it no longer intends to move
forward with the delisting of China Mobile Ltd, China Telecom Corp Ltd and China
Unicom Hong Kong Ltd.

The exchange, in a statement published on its website, said it made the
decision “in light of further consultation with relevant regulatory
authorities.”

The exchange said last week it would delist the three companies following the
US government’s move in November to block investment in 31 firms deemed to be
owned or controlled by the Chinese military.