Business
US moves to suspend trading of China’s CNOOC, with more delisting anticipated to follow amid toughening management, expert says – Global Times
The New York Stock Exchange (NYSE) will commence the proceedings to delist shares of China National Offshore Oil Corp (CNOOC) in early March, a step which experts…
Photo:Xinhua
The New York Stock Exchange (NYSE) will commence the proceedings to delist shares of China National Offshore Oil Corp (CNOOC) in early March, a step which experts said shows the US’ toughening position on Chinese companies listed in the US and would cause a slump of CNOOC shares on the Hong Kong market. The NYSE said on late Friday that it will suspend trading of CNOOC’s American depository shares on March 9. It has not disclosed when the delisting process will be finished.
CNOOC didn’t…
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