Hong Kong (AFP) – Shares in Chinese telecoms equipment maker ZTE collapsed by 39 percent as trading in the company resumed after it reached a settlement with the United States over its handling of a sanctions violation.
The firm dived 39.22 percent to HK$15.56 in the first few minutes of trade, having suspended trading in April, when Washington banned US companies from selling goods to it for seven years.
COMMENTS
Please let us know if you're having issues with commenting.