S&P Dow Jones to remove ADRs of Chinese telecom companies after NYSE decision | Yahoo

S&P Dow Jones Indices mentioned on Wednesday it can take away the American Depositary Receipts of three Chinese language telecom corporations, China Cell Ltd, China Telecom Company Ltd and China Unicom (Hong Kong) Ltd, from its benchmarks. “S&P DJI’s announcement to maneuver ahead with eradicating the above-referenced ADRs from its indices is because of the New York Inventory Trade’s (NYSE’s) newest affirmation that the ADRs shall be delisted,” it mentioned in an emailed assertion.

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