News Snapshot:
Several Chinese state – owned companies, including China Life Insurance and oil giant Sinopec, announced plans on Friday to delist from the U.S. stock market. The companies , which also include Aluminium Corporation of China (Chalco) and PetroChina, said in separate state ments that they would apply for delist ings of their American Depository Shares from the New York Stock Exchange ( NYSE ). The four will keep their listings in Hong Kong and mainland Chinese markets. “These companies have strictly complied with the rules and regulatory requirements of the U.S. capital market since their listing in the U.S. and...
