China Unicom says Trump order to ban U.S. investments in Chinese firms may hit share price
(Reuters) – China Unicom Hong Kong Ltd 0762.HK said on Friday the Trump administration’s executive order to ban U.S. investments in some Chinese firms will impact its controlling shareholder, and expects trading in its U.S. shares to be hit.
The telecom firm said it was reviewing the consequences of the order on its controlling shareholder China United Network Communications Group.
“The company expects that the Executive Order will have an impact on the trading prices of its shares and American depository shares,” it said in a statement to the Hong Kong exchange after market hours.
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