Business

S&P Dow Jones says to no longer remove ADRs of Chinese telecom companies

S&P Dow Jones Indices said on Wednesday it will no longer remove ADR stocks of China Mobile Ltd, China Telecom Corporation Ltd and China Unicom (Hong Kong) Ltd, which were previously to be deleted prior to the open on Jan. 7.

FILE PHOTO: 5G active antenna units with logos of China Mobile and Huawei are seen in front of a Na
FILE PHOTO: 5G active antenna units with logos of China Mobile and Huawei are seen in front of a National People's Congress (NPC) conference center in Luoyang, Henan province, China February 27, 2019. REUTERS/Stringer

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REUTERS: S&P Dow Jones Indices said on Wednesday it will no longer remove ADR stocks of China Mobile Ltd, China Telecom Corporation Ltd and China Unicom (Hong Kong) Ltd, which were previously to be deleted prior to the open on Jan. 7.

The deletions are being cancelled after an announcement from the New York Stock Exchange that they will no longer be delisted, S&P Dow Jones Indices said in a statement.

(Reporting by Bhargav Acharya and Kanishka Singh in Bengaluru; Editing by Jacqueline Wong)

Source: Reuters