Embattled ZTE proposes $10.7 billion credit proposal, new board

Embattled ZTE proposes $10.7 billion credit proposal, new board

5 years ago
Anonymous $roN-uuAfLt

https://www.reuters.com/article/us-usa-trade-china-zte/embattled-zte-proposes-10-7-billion-credit-proposal-new-board-idUSKBN1JA0AF

Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban.