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ZTE Corp (000063.SZ)

000063.SZ on Shenzhen Stock Exchange

17.00CNY
30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

ZTE Corp says Q1 2017 net profit attributable increased by 21.12%-31.65% to rmb1.15 bln- rmb 1.25 bln
Tuesday, 7 Mar 2017 05:09pm EST 

ZTE Corp <000063.SZ>: For Q1 2017 net profit attributable to holders of ordinary shares of co increased by 21.12 percent-31.65 percent to rmb1.15 billion- rmb 1.25 billion . The group’s projected operating revenue for q1 2017 increased by 10%-20% as compared to the same period last year .For Q1 2017 net profit attributable to holders of ordinary shares of the listed co grew by over 20% as compared to the same period last year.  Full Article

ZTE Corp says reaches settlement with U.S. authorities
Tuesday, 7 Mar 2017 10:13am EST 

ZTE Corp <000063.SZ>: ZTE Corporation reaches settlement with U.S. Authorities . ZTE has agreed to a criminal and civil penalty of $892.36 million . BIS to recommend ZTE be removed from entity list, conditioned on court approval of DOJ agreement, entry of plea, issuance of BIS’s settlement order . Agreed to additional penalty of $300 million to BIS that will be suspended during 7-year term based on certain conditions Further company coverage: [000063.SZ] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

China's ZTE settles U.S. sanctions case for $1 billion - Bloomberg citing source
Tuesday, 7 Mar 2017 09:25am EST 

:China's ZTE settles U.S. sanctions case for $1 billion - Bloomberg citing source.  Full Article

ZTE's board plans to elect non-executive director to replace Shi Lirong
Monday, 6 Mar 2017 03:55am EST 

ZTE Corp <000063.SZ><0763.HK> :Says board plans to elect non-executive director to replace Shi Lirong who resigned recently.  Full Article

ZTE Corp updates on export restrictions by U.S. Commerce Department
Thursday, 23 Feb 2017 07:58pm EST 

ZTE Corp <000063.SZ>: Reference is made to announcements of company dated 9 March 2016, 23 March 2016, 28 March 2016 . Updated information in relation to export restrictions by U.S. Commerce Department .BIS has issued a further ruling which will come into effect on 24 February 2017 and will extend temporary general license to 29 March.  Full Article

ZTE Corp updates on export restrictions by U.S. Commerce Department<000063.SZ>
Thursday, 23 Feb 2017 06:56pm EST 

ZTE Corp <000063.SZ>: Reference is made to announcements of company dated 9 March 2016, 23 March 2016, 28 March 2016 . Updated information in relation to export restrictions by U.S. Commerce Department .BIS has issued a further ruling which will come into effect on 24 February 2017 and will extend temporary general license to 29 March.  Full Article

ZTE says unit granted approval for quotation of shares on National Equities Exchange And Quotations
Monday, 20 Feb 2017 03:51am EST 

Zte Corp <000063.SZ> :Unit Shanghai Zhongxing Telecom Equipment Technologies granted approval for quotation of its shares on National Equities Exchange and Quotations.  Full Article

ZTE Corp updates on export restrictions by U.S. Commerce Department
Monday, 13 Feb 2017 11:06pm EST 

ZTE Corp <000063.SZ>: Updated information in relation to export restrictions by U.S. Commerce Department . Company is negotiating with U.S. Commerce Department, U.S. Department of Justice and U.S. Department of Treasury on settlement issues . Outcome of negotitations expected to result in penalties imposed on company by relevant U.S. government departments .Outcome of settlement issues still remains uncertain, will likely have material impact on financial conditions and operating results of co.  Full Article

ZTE announces approval of quotation of unit on NEEQ
Thursday, 2 Feb 2017 04:23am EST 

ZTE corp 0763.HK> : Anouncement Approval Of Quotation Of Shanghai Zhongxing, A Subsidiary, on the National Equities Exchange And Quotations . Unit recently received "letter regarding approval of quotation of Shanghai Zhongxing Telecom Equipment Technologies Corporation on NEEQ .NEEQ granting approval for quotation and trading by way of negotiated transfer of Shanghai Zhongxing shares on NEEQ.  Full Article

ZTE Corp announces acquisition of equity interest in Turkish company
Monday, 5 Dec 2016 08:06pm EST 

ZTE Corp : Announcement acquisition of 48.04% equity interests in Netas, a listed turkish company . Transaction does not require approval at general assembly meeting . Deal for a price of not more than usd101.3 mln . Transaction will not have any material impact on current financial conditions and operating results of company . Co through its unit has entered into "share purchase agreement related to Neta Telekomünkasyon A.." .Total amount of funding needed for mandatory takeover bid following completion of transaction is expected to be not more than usd130 million.  Full Article

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China telecom firm ZTE removed from U.S. trade blacklist

WASHINGTON The U.S. Department of Commerce will remove Chinese telecommunications equipment maker ZTE Corp from a trade blacklist on Wednesday after the company pleaded guilty to violating sanctions on Iran and agreed to pay nearly $900 million, the agency said in a notice.