Sinopec among four Chinese state-owned companies to delist from NYSE

Sinopec among four Chinese state-owned companies to delist from NYSE

The New York Stock Exchange (NYSE) logo is displayed above the trading floor in New York, U.S. Photographer: Jin Lee/Bloomberg

Several Chinese stateowned 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 statements that they would apply for delistings of their American Depository Shares from the New York Stock Exchange (NYSE).

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