February 1, 2018 / 12:11 PM / 8 months ago

BRIEF-ZTE returns to net profit in 2017, Sets Pricing For Its A-Share Private Placement

Feb 1 (Reuters) - ZTE Corp:

* SAYS IT RETURNS TO NET PROFIT IN PRELIM 2017 AT 4.55 BILLION YUAN ($722.68 million) FROM NET LOSS OF 2.36 BILLION YUAN YEAR AGO

* SAYS ITS SHARE ISSUE PRICE WILL BE NO LOWER THAN 30 YUAN PER SHARE IN ITS PLANNED A-SHARE PRIVATE PLACEMENT PROPOSAL Source text in Chinese: bit.ly/2nvTtyQ; bit.ly/2DSfRxs Further company coverage: ($1 = 6.2960 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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