The New York Stock Exchange based its decision to delist Chinese state oil giant CNOOC Ltd on updates of an executive order signed by former U.S. President Donald Trump.
Once the ban on buying CNOOC shares will be enforced, it will take effect on March 9.
However, the exchange didn’t mention an exit date.
US Trump administration raised sanctions on some Chinese firms in an attempt to raise pressure on China.
The NYSE announced that CNOOC had the right to appeal the delisting ruling. Upon the completion of the process of request, the exchange will send any appeal it receives to the US Securities and Exchange Commission.