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CHU China Unicom Ltd

6.03
0.00 (0.00%)
17 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
China Unicom Ltd NYSE:CHU NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 6.03 0 01:00:00

China's Three Major Telcos to Keep Stock Listings on NYSE

05/01/2021 9:17am

Dow Jones News


China Unicom (NYSE:CHU)
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From Jun 2019 to Jun 2024

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   By Martin Mou 
 

China's three largest telecommunications companies said Tuesday that their shares will continue to trade on the New York Stock Exchange.

China Mobile Ltd., China Unicom (Hong Kong) Ltd. and China Telecom Corp. said in separate statements that they have taken note of the New York Stock Exchange's decision to no longer seek their delistings.

In a statement released Monday night Eastern time, the Big Board said "it no longer intends to move forward with the delisting action" on the three companies.

The Hong Kong-listed shares of the three state-owned firms surged on the news. Shares of China Mobile, which numbers among the most valuable of China's listed state-owned enterprises, closed 5.1% higher Tuesday, while China Telecom and China Unicom gained 3.4% and 8.5%, respectively.

 

Write to Martin Mou at martin.mou@wsj.com

 

(END) Dow Jones Newswires

January 05, 2021 04:02 ET (09:02 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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