0000876661-21-000694.txt : 20210507
0000876661-21-000694.hdr.sgml : 20210507
20210507154405
ACCESSION NUMBER: 0000876661-21-000694
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20210507
DATE AS OF CHANGE: 20210507
EFFECTIVENESS DATE: 20210507
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: CHINA TELECOM CORP LTD
CENTRAL INDEX KEY: 0001191255
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31517
FILM NUMBER: 21902365
BUSINESS ADDRESS:
STREET 1: 31 JIN RONG AVENUE
CITY: BEIJING
STATE: F5
ZIP: 100032
BUSINESS PHONE: 861066428166
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
0001191255
CHINA TELECOM CORP LTD
001-31517
31 Jinrong StreetXicheng District
Beijing
100032
+86 10 6642 0134
American Depositary Shares
17 CFR 240.12d2-2(b)
Jonathan Martin
Manager, Market Watch and Proxy Compliance
2021-05-07
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
The New York Stock Exchange ("NYSE" or the "Exchange") hereby notifies the Securities and Exchange Commission (the "Commission") of its intention to remove the entire class of American Depositary Shares (the "American Depositary Shares") of China Telecom Corporation Limited (the "Company") from listing and registration on the Exchange on May 18, 2021, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the American Depositary Shares are no longer suitable for continued listing and trading on the NYSE.
The Exchange reached its decision pursuant to Section 802.01D of the Listed Company Manual (the "Manual") in light of Executive Order 13959 (the "Order") which was issued on November 12, 2020. The Order prohibits, beginning 9:30 a.m. Eastern Standard Time on January 11, 2021, any transaction in publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company, by any United States person. Additionally, on January 5, 2021, the Department of Treasury's Office of Foreign Assets Control ("OFAC") provided the following specific guidance to the Exchange: "[P]ursuant to section 1(a)(i) of E.O. 13959, U.S. persons cannot engage in certain transactions (as specified in the E.O.) in the ADRs of China Telecom Corporation Limited (NYSE: CHA), China Mobile Limited (NYSE: CHL), and China Unicom (Hong Kong) Limited (NYSE: CHU) after 9:30 a.m. eastern time on January 11, 2021."
Following the issuance of the Order and pronouncement by OFAC, the National Securities Clearing Corporation ("NSCC"), the entity that performs the clearing function for transactions on NYSE, announced that as of January 11, 2021 it would not provide clearing services ("trade capture") for the Company. Without the clearing services performed by NSCC, trading cannot occur on NYSE.
Pursuant to these announcements, the Exchange determined that the American Depositary Shares of the Company should be suspended from trading as of January 11, 2021, and advised the Company that it had also determined to commence proceedings to delist pursuant to Section 802.01D of the New York Stock Exchange Listed Company Manual (the "Manual") as the Company was "no longer suitable for listing." A press release regarding the suspension and delisting was issued and posted on the Exchange's website on January 6, 2021.
The Company had a right to appeal to a Committee of the Board of Directors of the Exchange (the "Committee") the determination to delist the American Depositary Shares, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. On January 20, 2021, the Company requested a review of the determination by the Committee. On May 6, 2021, the Committee affirmed the determination of the Exchange to delist the American Depository Shares of the Company. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.