Technology Embattled ZTE proposes $10.7 billion credit proposal, new board Updated : June 14, 2018 12:36 PM IST Investors cheered the development, driving up ZTE's Hong Kong-listed shares as much as 3.7 percent on Thursday morning, outperforming the Hang Seng Index that dipped slightly. The United States imposed the seven-year supplier ban on ZTE in April after it broke an agreement to discipline executives who conspired to evade US sanctions on Iran and North Korea. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.