January 4, 2021 9:02 PM

NYSE delisting plan: China's three big telecom companies lose 1.5 billion US dollars

China's three big telecom companies have lost 1.5 billion US dollars of market value on concerns related to New York Stock Exchange's (NYSE) delisting plan. The NYSE said on Thursday that it will delist China Telecom Corp. Limited, China Mobile Limited and China Unicom Hong Kong Limited. As per local media reports, the stock slump wiped out about 1.5 billion US dollars of market value from China Mobile and China Telecom at the close of trading today, the first trading session s...