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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.
Embattled ZTE proposes $10.7 billion credit proposal, new board

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