🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

China's ZTE says temporary U.S. export license could be extended

Published 03/23/2016, 12:28 AM
Updated 03/23/2016, 12:40 AM
© Reuters. People wearing facial masks stand next to an advertisement board of ZTE's mobile phone at a bus stop in Beijing
0763
-

HONG KONG (Reuters) - Chinese telecom equipment and smartphone maker ZTE Corp <000063.SZ> (HK:0763) said on Wednesday a temporary export license from the United States could be extended if the company meets promises made to the U.S. government for allegedly breaking U.S. sanctions against Iran.

Export restrictions on ZTE by the United States will not be enforced before June 30 this year, the Shenzhen-based company said in stock exchange filing on Wednesday.

© Reuters. People wearing facial masks stand next to an advertisement board of ZTE's mobile phone at a bus stop in Beijing

Trading in the company's shares has been suspended in both Shenzhen and Hong Kong since the United States announced a new export restriction against ZTE for alleged Iran sanctions violations.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.