Embattled ZTE seeks $10.7 billion credit line, nominates 8 board members

Embattled ZTE seeks $10.7 billion credit line, nominates 8 board members

5 years ago
Anonymous $roN-uuAfLt

https://www.reuters.com/article/us-usa-trade-china-zte/embattled-zte-seeks-10-7-billion-credit-line-nominates-8-board-members-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.