Signage is displayed atop a ZTE Corp. building in Beijing, China, on Thursday, May 24, 2018. President Donald Trump said the US would allow Chinese telecommunications-equipment maker ZTE Corp. to remain in business after paying a $1.3 billion fine, changing its management and board and providing “high-level security guarantees.” Photographer: Gilles Sabrie/BloombergSignage is displayed atop a ZTE Corp. building in Beijing, China, on Thursday, May 24, 2018. President Donald Trump said the US would allow Chinese telecommunications-equipment maker ZTE Corp. to remain in business after paying a $1.3 billion fine, changing its management and board and providing “high-level security guarantees.” Photographer: Gilles Sabrie/Bloomberg
Signage is displayed atop a ZTE Corp. building in Beijing, China, on Thursday, May 24, 2018. President Donald Trump said the US would allow Chinese telecommunications-equipment maker ZTE Corp. to remain in business after paying a $1.3 billion fine, changing its management and board and providing “high-level security guarantees.” Photographer: Gilles Sabrie/Bloomberg
Tech /  Big Tech

ZTE moves ahead with US settlement steps as investors wipe US$3 billion off market value

ZTE moves to implement US settlement measures but investors punish company on expectations ban could force company into a loss

Topic |   ZTE
Li Tao
Li Tao

Updated: 11:38pm, 13 Jun, 2018

Why you can trust SCMP
Signage is displayed atop a ZTE Corp. building in Beijing, China, on Thursday, May 24, 2018. President Donald Trump said the US would allow Chinese telecommunications-equipment maker ZTE Corp. to remain in business after paying a $1.3 billion fine, changing its management and board and providing “high-level security guarantees.” Photographer: Gilles Sabrie/BloombergSignage is displayed atop a ZTE Corp. building in Beijing, China, on Thursday, May 24, 2018. President Donald Trump said the US would allow Chinese telecommunications-equipment maker ZTE Corp. to remain in business after paying a $1.3 billion fine, changing its management and board and providing “high-level security guarantees.” Photographer: Gilles Sabrie/Bloomberg
Signage is displayed atop a ZTE Corp. building in Beijing, China, on Thursday, May 24, 2018. President Donald Trump said the US would allow Chinese telecommunications-equipment maker ZTE Corp. to remain in business after paying a $1.3 billion fine, changing its management and board and providing “high-level security guarantees.” Photographer: Gilles Sabrie/Bloomberg
READ FULL ARTICLE