Five major Chinese companies have announced they will delist from the
New York Stock Exchange
, at a time when Chinese companies are under scrutiny from the US regulator.
In separate statements, oil companies
Sinopec
and
PetroChina
, insurance heavyweight
China Life Insurance
, aluminum giant
Chalco
, as well as a Shanghai-based subsidiary of
Sinopec
, said they are starting papers for a "voluntary withdrawal." of the New York Stock Exchange.
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