China Telecom unveils plan for Shanghai listing | Light Reading

After a US ban, the huge Chinese operator says a float on Shanghai would give it flexibility.

Facing delisting from the New York Stock Exchange, China Telecom has announced plans to list up to 13% of its stock on the Shanghai main board.

The company, along with China Unicom and China Mobile, has been suspended from NYSE since January 8, following a ban by the Trump administration. The three telcos are appealing the decision.

Source: China Telecom unveils plan for Shanghai listing | Light Reading