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The New York Stock Exchange announced the delisting of shares in China’s third largest oil and gas company, China National Offshore Oil Corp (CNOOC). Trading in the shares of the Chinese company will end on March 9, writes CNN. According to the exchange, the decision to stop trading in CNOOC shares was made in accordance with a presidential decree signed by Donald Trump in November 2020, on sanctions against Chinese companies cooperating with the Chinese army. Subscribe to LIGA. Facebook Business: Top Business News CNOOC is the fourth Chinese company to be delisted from New York Stock Exchange trading under the decree. The exchange previously delisted China Mobile, China Telecom and China Unicom. CNOOC shares have been listed on the New York Stock Exchange since 2001. In an official release, CNOOC announced that it “regrets” the exchange’s decision. The company plans to increase its shares on the Hong Kong stock exchange. CNOOC – (China National Offshore Oil Corporation) is a Chinese state-owned energy company specializing in offshore oil and gas production, operating both in China and beyond its borders (Australia, Indonesia, Kenya, Nigeria and Equatorial Guinea). The corporation employs about 100,000 people. The value of the assets is $ 180 billion. Subscribe to LIGA. Business in Telegram: only important things Roman Bryl If you notice a spelling error, select it with the mouse and press Ctrl + Enter.

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