Posted inAT Finance, Beijing, China, Hong Kong, India, Indonesia, Iran, Italy, Middle East, North Korea, Northeast Asia, South Asia, World

ZTE to secure US$10.7 billion in credit after stock collapse

Crippled Chinese telecom giant ZTE is planning to secure US$10.7 billion in credit and revamp its management structure as it rebuilds the brand. On Wednesday, shares in the group plunged 41% in Hong Kong and 10% in Shenzhen. In a market frenzy, $2.7 billion was wiped off the market value of ZTE, one of China’s […]

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