The New York Stock Exchange said it no longer plans to scrap three Chinese telecommunications giants.
In a statement late Monday, the NYSE said it dropped the plans after “further consultation with the relevant regulatory authorities in connection with the Office of Foreign Assets Control.”
The announcement comes after the NYSE said on Dec. 31 that it would delist US depository shares of China Telecom, China Mobile and China Unicom.
The exchange originally planned to drop those entries to comply with an executive order signed by President Donald Trump in November. That order was designed to prevent U.S. companies and individuals from investing in companies that the Trump administration said would help the Chinese military.
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