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ZTE ( (HK:0763) ) has provided an update.
ZTE Corporation announced the subscription of wealth management products, leveraging internal funds not exceeding RMB20 billion for 2024, to secure investments with high security and liquidity. The company engaged in a series of transactions with Guangfa Bank, amounting to RMB10,530 million, which were classified as discloseable under Hong Kong listing rules, indicating a strategic move to optimize financial management and liquidity.
More about ZTE
ZTE Corporation is a leading global provider in the telecommunications industry, specializing in providing cutting-edge solutions such as telecommunications equipment, network solutions, and mobile devices. The company primarily focuses on advancements in 5G technologies and digital transformation services, positioning itself as a key player in the global communications market.
YTD Price Performance: 16.40%
Average Trading Volume: 11,308
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $24.79B
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