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Five State-Run Chinese Giants to Delist From U.S. Stock Exchanges

Five State-Run Chinese Giants to Delist From U.S. Stock Exchanges

Five of China’s biggest state-owned companies, representing hundreds of billions of dollars in market value, will delist from the New York Stock Exchange in coming weeks, the firms said in a flurry of filings on Friday.

Three of the world’s biggest energy firms,

, Sinopec and Shanghai Petrochemical, said in separate statements that they would apply for a voluntary delisting of their American depositary shares. Two other…

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GLASGOW, SCOTLAND - AUGUST 06: Rangers manager Giovanni van Bronckhorst during a cinch Premiership match between Rangers and Kilmarnock at Ibrox Stadium, on August 06, 2022, in Glasgow, Scotland (Photo by Alan Harvey / SNS Group)

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