China Mobile, China Unicom Seek Reviews of NYSE Delisting

News Highlights: China Mobile, China Unicom Seek Reviews of NYSE Delisting.

Photographer: Bernardo De Niz / Bloomberg

Photographer: Bernardo De Niz / Bloomberg

China Mobile Ltd. and China Unicom Hong Kong Ltd. said they had requested a review of the New York Stock Exchange’s decision to scrap the shares of the country’s state telecommunications companies over a week ago.

The delisting caused wild swings in their shares as investors had little time to respond to the decision. It also prompted some global stock indices to remove the securities.

The NYSE said it was acting to comply with an executive order issued by former US President Donald Trump, excluding investments in companies that the US says are owned or controlled by the Chinese military. The ambiguously worded …

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