Can anyone tell me why my China Mobile stock was automatically sold (I know about government issues) at a reduced share price? Nearly $17.00 difference.
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Theresa I's avatar
@theresaNovember 8
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Yes I was aware of all of the above and I was reassured that even though they wouldn’t trade it, I would still get the dividends. I put a call in this morning. They had no idea either. New York Bank was holding it. Told me to call back Wednesday and they would try to have an answer for price difference.
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Josiah Racklin's avatar
In May the Senate passed a bill to delist foreign companies that do not adhere to the guidelines of the Public Accounting Oversight Board.

The New York Stock Exchange decided to delist three Chinese telecom companies because of the connection of those companies to the Chinese military, including China Mobile $CHL.

Not sure about why there was a $17 difference though. If you end up talking with your broker and find out, let us know.
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Nathan Worden's avatar
@theresa did New York Bank end up having a better answer later in the week for the difference in price? Very interesting.
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