The three major telecom operators call for the New York Stock Exchange to review the delisting decision
The three major operators of China Unicom, China Mobile, and China Telecom issued an important announcement on January 21, requesting reconsideration of the New York Stock Exchange’s decision on the listing of American depositary shares.
China Mobile
Always strictly abide by the laws and regulations of the place of listing
China Mobile stated in the announcement that in order to protect the legitimate rights and interests of the company and its shareholders, on January 20, US time, it filed a written request with the New York Stock Exchange to request a committee of the New York Stock Exchange board to review the decision.
According to the New York Stock Exchange listed company manual, the reconsideration will be scheduled to be held at least 25 working days after the date of the request for reconsideration.
The company has requested the committee to overturn the decision and suspend the suspension of trading of American Depositary Shares until the reconsideration of the decision has a result.
Investors must note that the company’s reconsideration requirements and suspension requirements do not guarantee success.
The company has always strictly complied with the laws and regulations, market rules and regulatory requirements of the place of listing, and operated in compliance with laws and regulations.
China Unicom
No guarantee to overturn the reconsideration request decided by the New York Stock Exchange
China Unicom announced in its announcement that in order to protect the rights and interests of the company and its shareholders, on January 20th, US time, it has submitted a written request to the NYSE to request a committee of the NYSE board of directors to reconsider the delisting of its American Depositary Securities. Decided.
According to the New York Stock Exchange listed company manual, the reconsideration will be scheduled to be held at least 25 working days after the date of the request for reconsideration.
China Unicom has asked the committee to overturn the decision and suspend the suspension of American depositary securities trading before reconsidering the decision.
The company pointed out that investors must be aware that there is no guarantee that the reconsideration request decided by the New York Stock Exchange or the suspension of the suspension of American depositary securities trading before the reconsideration of the decision will be successful.
China Telecom
Will continue to pay close attention to the progress of related matters
China Telecom announced that in order to protect the legitimate rights and interests of the company and its shareholders, on January 20th, US time, it submitted a written request to the NYSE to request a committee of the NYSE board of directors to review the decision.
According to the New York Stock Exchange listed company manual, the reconsideration will be scheduled to be held at least 25 working days after the date of the request for reconsideration.
China Telecom has asked the committee to overturn the decision and suspend the suspension of the trading of American depositary shares during the review period.
The company pointed out that investors must be aware that there is no guarantee that the reconsideration requirements decided by the New York Stock Exchange or the suspension of the suspension of American depositary shares during the reconsideration period will be successful.
The three major telecom operators stated that they will continue to pay close attention to the progress of related matters, and seek professional advice and reserve all rights to protect the legitimate rights and interests of the company. Text/Reporter Zhao Xinpei