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China’s Big Three State Telcos Seek Review of NYSE Delisting

  • Companies say there’s no assurance of success with the appeal
  • NYSE delisted the three securities on Trump executive order
General China Mobile Ltd. Images Ahead Of 2009 Annual Results

Photographer: Bernardo De Niz/Bloomberg

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China’s three biggest telecommunications firms said they requested a review of the New York Stock Exchange’s decision to delist their shares more than a week ago, a move triggered by an executive order issued by former U.S. President Donald Trump.

The drama surrounding the delisting, which played out over a few days with the bourse at one point reversing the decision before enforcing it again, caused wild swings in the companies’ stock as investors were left with little time to react to the various moves. It also prompted some global equity indexes to remove the securities.