Wall Street to delist three Chinese telecom giants over links with its military

Wall Street, New York City, New York, USA
Photo by Sophie Backes on Unsplash

Tista' taqra bil- Malti.

The New York Stock Exchange said it will delist three Chinese telecommunications firms based on claimed links with its military.

The three firms are China Mobile, China Telecom and China Unicom Hong Kong.

Shares in the firms will be suspended on the New York Stock Exchange next week while proceedings to delist them have begun.

The three telecom giants earn all of their revenue in China and have no significant presence in the US.

The delisting is seen more as a symbolic blow amid heightened geo-political tensions between the US and China.