China Eastern and China Southern plans to delist the US depository shares from NYSE

China Eastern and China Southern have applied for a voluntary delisting of their US depositary shares from the New York Stock Exchange (NYSE) along with the deregistration of their shares and underlaying H shares. The airline will most likely commence the delisting process on January 23, 2023 by lodging notices to delist with the US Securities and Exchange Commission (SEC). The delisting will take effect in next 10 days. The filing by China Eastern Airlines read: “Whether or not the (US depositary shares) will be traded on the over-the-counter market thereafter will depend on the actions of shareholders and independent