Photo by Sean O’Kane / The Verge
Another company in the electric vehicle industry is going public by merging with a so-called SPAC, or special purpose acquisition company. This time, it’s EVgo, one of the leading providers of electric vehicle charging stations in the US.
The deal is expected to bring in $575 million for EVgo. When it closes, EVgo will become a publicly-traded company on the New York Stock Exchange.
In something of a poetic twist, the investment fund that’s merging with EVgo to take it public is one started by climate investor David Crane. Crane was once the CEO of energy company NRG, which helped start EVgo a decade ago. Roughly $175 million of the proceeds will come from Crane’s SPAC (called Climate Change Crisis Real Impact I Acquisition...
Within moments of President Joe Biden’s inauguration, China Mobile, China Telecom, and China Unicom sent in requests for their shares to be reinstated to the New York Stock Exchange.
Going public this year will provide Grab with the resources it needs to battle for dominance in Southeast Asia.
It’s the time to shine for Indonesia’s Stock Exchange, and Deliveroo seals its series H
Treasury Department clarifies advice with a brief FAQ The New York Stock Exchange (NYSE) has said it will de-list China's three largest telecommunications companies – China Mobile, China Unicom, and China Telecom – after all, having received updated guidance from US regulators.…
The top finance stories for January 7, including the latest news on Trumid nabbing a top electronic trading executive from UBS.
The NYSE said Wednesday it will stick to its original plans to delist three Chinese telecom companies after an earlier reversal of the decision.
A trio of Chinese telecom names are set to be de-listed from the NYSE on January 11, in a final salvo of Trump's "tough on China" policy.
The top finance stories for January 6, including the latest news on the lack of diversity on boards for some of the biggest unicorns.
The New York Stock Exchange (NYSE) no longer plans to comply with a Trump administration order to delist Chinese telecoms groups. NYSE began proceedings to delist China Mobile, China Unicom, and China Telecom last week after the order signed by President Trump in November. The order is designed to prevent transactions in securities “designed to... Read more »
The post New York Stock Exchange backtracks on plan to delist Chinese telcos appeared first on Telecoms Tech News.
The New York Stock Exchange reversed its decision to delist China Mobile, China Telecom, and China Unicom before it becomes effective.
Women are founding companies, but they aren't reaching the same scale as men. Women need to found more Fortune 500 companies to reach gender equality.
The announcement was a shock u-turn on a decision it had made just days before to delist China Mobile, China Telecom Corp, and China Unicom Hong Kong.
The New York Stock Exchange said on Monday it no longer plans to delist China’s three major telecom companies, reversing a decision made last week.
FCA and PSA will combine forces to create Stellantis, and it's all set to close later this month.
The New York Stock Exchange has been compelled to delist the stocks of China Mobile, China Telecom and China Unicom.
Three state-owned telco shares dropped even as China tries to downplay the impact of the New York Stock Exchange’s delisting decision.
The New York Stock Exchange has started delisting securities of 3 Chinese telecom companies.The move came after President Donald Trump barred US investments in Chinese firms Washington says are owned or controlled by the military.The move by the NYSE will limit US investor access, follows global index providers MSCI Inc, S Dow Jones Indices, FTSE Russell, and Nasdaq deleting various Chinese companies from their indexes.a former White House official, Roger Robinson said it’s the latest step, but at least an awakening to national security and human rights-related risk.NYSE said, “The issuers, China Telecom Corporation Limited, China Mobile Limited 0941.HK, and China Unicom (Hong Kong) Limited, were no longer suitable for listing as the order prohibits any transactions in securities designed to provide investment exposure to such securities, of any Communist Chinese military company, by any United States person”.
As China launches Alibaba antitrust probe, warns Tencent, and the clock keeps TikTok-ing for Oracle The Register’s writers and readers may have taken a few days off, but the US/China trade war rumbled on regardless. So let’s get caught up, shall we?…
China accused the Trump administration of attempting to suppress foreign companies, as the NYSE moved to delist three Chinese firms.