Embattled ZTE proposes US$10.7 b credit proposal, new board

June 14, 2018 1:36 PM

HONG KONG (REUTERS) – Chinese telecommunications giant ZTE Corp has proposed a US$10.7 billion (S$14.3 billion) financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a US supplier ban.

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