Following the delisting of CNOOC from the New York Stock Exchange, the latest news is that on the afternoon of August 12, PetroChina and Sinopec successively issued announcements that they planned to delist American Depositary Shares from the New York Stock Exchange. In addition, Sinopec Shanghai Petrochemical, China Life Insurance, and Aluminum Corporation of China have also successively issued announcements saying that they intend to delist American depositary shares from the New York Stock Exchange. According to relevant company announcements, these companies have strictly abided by the U.S. capital market rules and regulatory requirements since they went public in the United States, and the delisting choices were made out of their own business considerations.
Post time: Aug-16-2022