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General

ZTE looking for USD 10.7 bln credit line, proposes 8 new board members - report

Friday 15 June 2018 | 12:01 CET | News
ZTE said it has established a compliance committee to fulfil the requirements put out by the US government to lift its supplier ban. The company has also proposed a USD 10.7 billion financing plan and nominated eigth board members, Reuters reported. US suppliers provide about 25-30 percent of the components used in ZTE equipment. For the credit line, CNY 30 billion (USD 4.69 billion) would come from the Bank of China.

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Categories: General
Companies: ZTE
Countries: China / United States
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