ZTE shares surge 22% as US sanctions lift moves step closer

ZTE shares surge 22% as US sanctions lift moves step closer

6 years ago
Anonymous $TjsaxHwAP-

https://phys.org/news/2018-07-zte-surge-sanctions-closer.html

However, as a favour to Chinese President Xi Jinping, US President Donald Trump ordered the Commerce Department to ease the penalties and replace it with an order to pay a $1 billion fine and put $400 million in an escrow account to cover any future penalties for violations.

It was also ordered to replace its board of directors and retain outside monitors.