News Snapshot:
China Telecom has taken the latest step to exit the US following its ban by the US regulator. The company announced this morning from Hong Kong that it was seeking to deregister its share- equivalents in the US and end its obligations to report results in the US . China Telecom said it will file the request with the US Securities and Exchange Commission (SEC) today to deregister its American Depositary Shares (ADSs), which are share- equivalents that were traded on the New York Stock Exchange (NYSE) until December. That decision followed an announcement in October 2021 by Jessica Rosenworcel...
