The New York Stock Exchange (NYSE) announced late Monday that it is scrapping its plan to delist three Chinese telecom companies with ties to the Chinese military.
It marks an abrupt reversal after NYSE said on Dec. 31 that it was in the process of delisting the three state-owned companies—China Mobile Ltd., China Telecom Corporation Ltd., and China Unicom (Hong Kong) Ltd., in compliance with President Donald Trump’s executive order (E.O.) 13959.
