Feb 26 (Reuters) – The New York Stock Exchange on Friday
decided to begin formal delisting of Chinese state oil giant
CNOOC Ltd based on an executive order signed
by former U.S. President Donald Trump in November last year.
The Trump administration moved to prohibit U.S. investments
in certain Chinese companies that Washington said were owned or
controlled by the Chinese military in an effort to ramp up
pressure on Beijing.
(Reporting by Shariq Khan in Bengaluru; Editing by Arun Koyyur)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters
or its third party content providers. Any copying, republication or redistribution of Reuters content, including
by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.
"Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.