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Embattled ZTE seeks $10.7 billion credit line, nominates 8 board members

reuters.com
Embattled ZTE seeks $10.7 billion credit line, nominates 8 board members

HONG KONG (Reuters) - Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion (8 billion pounds) financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The news, announced late on Wednesday,