ZTE signs financing deal with China Development Bank
HONG KONG Dec 4 (Reuters) - ZTE Corp , the world's No.5 telecom equipment maker, said on Tuesday it had signed a $20 billion financing agreement with Chinese policy bank China Development Bank (CDB).
"The principal terms of the agreement include the provision by CDB of a $20 billion facility for cooperation, comprising financing facilities for the company's overseas projects and credit facilities for the company," it said in filings to the Hong Kong and Shenzhen stock exchanges.
"The agreement forms the framework of business cooperation for an effective period of five years," ZTE said.
For the statement, please click here
(Reporting by Lee Chyen Yee; Editing by Anne Marie Roantree)
- Special Report: Thailand secretly supplies Myanmar refugees to trafficking rings |
- NSA gathers data on cellphone locations globally: report
- The 10 Most Corrupt and Least Corrupt Countries in the World
- Dementia epidemic looms with 135 million sufferers seen by 2050
- Obama says he's not allowed iPhone for 'security reasons'