ZTE Corp plans to raise 11.5 billion yuan (US$1.7 billion) from a private placement of A shares for 5G network research and development. Photo: AP ZTE Corp plans to raise 11.5 billion yuan (US$1.7 billion) from a private placement of A shares for 5G network research and development. Photo: AP
ZTE Corp plans to raise 11.5 billion yuan (US$1.7 billion) from a private placement of A shares for 5G network research and development. Photo: AP

ZTE

Tech

ZTE plans to raise 11.5 billion yuan to develop 5G from private share sale

  • The Shenzhen-based company is set to issue 381,098,968 A shares to independent third-party investors
  • The issue price, at 30.21 yuan, is an 18.2 per cent discount from ZTE’s A-share closing price of 36.9 yuan in Shenzhen on Wednesday

Topic |   ZTE
Celia Chen
Celia Chen

Updated: 6:20pm, 16 Feb, 2020

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ZTE Corp plans to raise 11.5 billion yuan (US$1.7 billion) from a private placement of A shares for 5G network research and development. Photo: AP ZTE Corp plans to raise 11.5 billion yuan (US$1.7 billion) from a private placement of A shares for 5G network research and development. Photo: AP
ZTE Corp plans to raise 11.5 billion yuan (US$1.7 billion) from a private placement of A shares for 5G network research and development. Photo: AP
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