The sell order on CHL still stands:
Chinese telecoms swing negative as NYSE confirms delisting for Jan. 11
Jan. 06, 2021 9:25 AM ETChina Mobile Limited (CHL)By: Jason Aycock, SA News Editor3 Comments
State-owned Chinese telecoms have swung negative premarket, as the New York Stock Exchange confirms it’s moving forward with delisting the companies.
China Mobile (NYSE:CHL) is -3.1% premarket; China Telecom (NYSE:CHA) is -1.2% and China Unicom (NYSE:CHU) is -2.4%.
Trading of the companies will be suspended on the NYSE at 4 a.m. New York time on Jan. 11, the exchange says.
The companies have a right to review the decision, which now comes in time to comply with a Trump administration executive order.
Bloomberg had reported earlier that the re-reversal might be coming after the NYSE heard “disapproval” from Treasury Secretary Steven Mnuchin yesterday.