ZTE shares edge up after $10.7 billion credit proposal

A man walks past a building of ZTE Beijing research and development center in Beijing, China June 13, 2018. REUTERS/Jason Lee

HONG KONG (Reuters) – Shares of Chinese telecommunications giant ZTE Corp rose as much as 3.7 percent in Hong Kong on Thursday, after the firm proposed a $10.7 billion financing plan and the nomination of eight new board members. China’s No.2 telecom equipment maker, which just agreed to a $1.4 billion settlement with the U.S. […]

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