ZTE (HK:0763) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
ZTE Corporation has approved a new agreement to purchase raw materials from Zhongxingxin, its controlling shareholder, for 2025. This move, part of the company’s ongoing connected transactions, will see Zhongxingxin providing a variety of raw materials essential for ZTE’s manufacturing processes, subject to competitive bidding. The agreement ensures compliance with Hong Kong and Shenzhen listing rules, maintaining transparency without needing independent shareholder approval.
For further insights into HK:0763 stock, check out TipRanks’ Stock Analysis page.