NYSE to delist three Chinese telcos

The New York Stock Exchange (NYSE) reportedly will move forward with delisting China Mobile, China Unicom (Hong Kong) and China Telecom, according to reports from CNBC.

The move is the second reversal of a decision that is supposed to comply to an executive order signed by U.S. President Donald Trump.

Last week, NYSE said it would delist the shares to comply with anexecutive order signed by Trump and reversed that decision on Monday.

NYSE says it will no longer delist three Chinese telcos

(Cover: Sunlight hits the New York Stock Exchange on Wall Street in New York City on Monday, January 4, 2021. /VCG)