Three Chinese companies will be booted off the New York Stock Exchange this month under an executive order signed in November by President Donald Trump.
The exchange says China Telecom Corp. Limited, China Mobile Limited, and China Unicom Hong Kong Limited will be delisted from the exchange. Trump issued an order Nov. 12 barring investment in publicly traded companies that the U.S. government says are owned or controlled by the Chinese military.
The statement issued late Thursday says the exchange will suspend trading of the companies as early as Jan. 7 or as late as Jan. 11. It says the stock issuers can appeal to a committee of the NYSE’s board.
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