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General

ZTE shares expected to resume trading on 13 June

Wednesday 13 June 2018 | 09:25 CET | News
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ZTE shares are expected to resume trading on 13 June, the Wall Street Journal reported, saying ZTE filed paperwork with the Hong Kong stock exchange. The shares were suspended on 17 April, after the US Commerce Department issue an order banning US firms from selling to the company. A deal has now been confirmed, with ZTE set to pay USD 1.4 billion in fines and replace its board of directors. The company said it will resume business operations "as soon as practicable" after the sales ban is lifted, the company said. The ban remains in effect until ZTE pays the fine and deposits the sum in

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Categories: General
Companies: ZTE
Countries: Hong Kong / World
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