Operating

NYSE Upholding its Delisting Decision of Chinas Three Major Operators

Updated:2021/5/11 11:58

On the evening of May 7th, China’s three major operators announced that the NYSE Committee upheld the decision of the NYSE regulatory authority to restart the delisting process of the Company’s ADR. And the NYSE is expected to file a Form 25 with the Securities and Exchange Commission to reverse the listing and registration of the Company’s ADR. In accordance with the rules thereunder the Securities Exchange Act, the delisting of the Company’s American depositary shares will take effect 10 days after the filing of the Form 25.

Earlier, on January 6, US Eastern Time, the NYSE announced that it would re-promote the delisting of China Mobile, China Telecom, and China Unicom. In order to protect the legitimate interests of the company and its shareholders, the three major operators had respectively submitted a written request to the NYSE on January 20, demanding the NYSE Committee to review the delisting decision. On May 6, 2021, the committee upheld that decision.

 Source:C114
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