US Commerce Department confirmed sanctions lifted, ZTE H shares rose 14.9%


US Commerce Department confirmed sanctions lifted, ZTE H shares rose 14.9%

Related news: MOFCOM and ZTE agreed to lift sanctions.

Sina Technology News on the morning of July 12th, the US Commerce Department said today that the United States has signed an agreement with ZTE in China to ban the ban on business contacts between us suppliers and ZTE in the last three months. The market value was 55 billion 800 million yuan, H-share rose 14.9%, the price per share was HK $12.80, and the total market value was HK $53 billion 670 million.

In VOA July 12th, the US Department of Commerce said the US has signed an agreement with ZTE to ban the ban on business contacts between us suppliers and ZTE in the last three months. ZTE will be able to resume operations and the ban will be lifted after ZTE's payment of 400 million margin to the United States.


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