China Mobile and China Unicom ask NYSE to review delisting decision

China Mobile and China Unicom ask NYSE to review delisting decision

China Mobile wrote to the New York Stock Exchange to request reconsideration of the delisting decision. (Xinhua News Agency)

China Unicom and China Mobile announced today (21) that in order to protect the rights and interests of the company and shareholders, they submitted a written request to the New York Stock Exchange on Wednesday, US Eastern time, for reconsideration of the decision on the delisting of China Unicom’s American Depository securities. The two groups have asked the committee to overturn the delisting decision and suspend share trading until a reconsideration decision is reached.

China Unicom and China Mobile both pointed out that there is no guarantee that the reconsideration request to overturn the delisting decision or the request to suspend the trading of shares will be successful.

China Mobile and China Unicom were listed on the New York Stock Exchange in October 1997 and 2000 respectively. Both groups stressed that since listing, they have been strictly abiding by various laws and regulations, market rules and regulatory requirements of the listing place, and operating in accordance with the law. The group will continue to pay close attention to the progress of related projects.

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