The New York Stock Exchange has reversed its decision to delist the shares of China Telecom, China Mobile and China Unicom. The companies will continue to trade as usual on the stock exchange. The exchange said it updated its decision “in light of further consultation with relevant regulatory authorities,” and that it will “continue to evaluate the applicability of Executive Order 13959” to these issuers and their continued listing status.
The executive order was signed on 12 November by US President Donald Trump, prohibiting any US company or person from investing in firms with ties to the Chinese military.
After the first NYSE decision, China Mobile came out with a statement, saying it had always complied with all laws and regulations, since its listing in 1997.
China Mobile, China Telecom and China Unicom said now that they will continue to closely monitor developments and that they will publish further announcements "as and when appropriate."
