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S&P Dow Jones to remove ADRs of Chinese telecom companies after NYSE decision

September 12, 2021
Source: fintechzoom.com fintechzoom.com
News Snapshot:
(Reuters) – S&P Dow Jones Indices said on Wednesday it will remove the American Depositary Receipts of three Chinese telecom companies, China Mobile Ltd, China Telecom Corporation Ltd and China Unicom (Hong Kong) Ltd, from its benchmarks. “S&P DJI’s announcement to move forward with removing the above-referenced ADRs from its indices is due to the New York Stock Exchange’s (NYSE’s) latest confirmation that the ADRs will be delisted,” it said in an emailed statement. The NYSE said on Wednesday it will delist the three Chinese companies effective Jan. 11, confirming its latest reversal on the matter a day after U.S....
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