Telling Telecommunication's share price opened down on Monday falling as low as 24.21 RMB per share. Since the beginning of August of this year, the stock has surged more than 220%.
China Unicom, one of the leading telecommunications giants in China, announced on July 23 that it would terminate its American Depositary Receipt (ADR) on October 18 this year, meaning the company will be officially delisted from the NYSE.
The CEO of Orange said on Wednesday that it would avoid using the equipment from Chinese suppliers when developing European 5G networks due to European companies' concerns about large Chinese enterprises, but there is no problem in cooperating with Huawei in Africa.
The New York Stock Exchange (NYSE) said it would move forward with its plans to delist three Chinese major telecommunication companies after all.
The New York Stock Exchange on Tuesday said it no longer plans to move forward with delisting three Chinese telecom companies.
China’s securities regulator on Sunday said the delisting of three Chinese telecom companies by the New York Stock Exchange is “politically motivated” and “severely undermines normal market rules and order.”