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
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
ZTE
Tech /  Big Tech

exclusive | 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

Li Tao
Li Tao

Updated: 11:38pm, 13 Jun, 2018

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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
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
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