|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.4693 - 2.4700|
|52 Week Range||2.3900 - 2.4900|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Chinese telecoms equipment group ZTE Corp said on Friday it has won a further reprieve to Feb. 27 on export restrictions that were imposed on the company by the U.S. government. In March, the U.S. Commerce Department hit ZTE with some of the toughest-ever U.S. export restrictions for allegedly breaking sanctions against Iran but has since issued temporary reprieves on the curbs. The latest reprieve comes after ZTE said this week it had appointed Matthew Bell as its new chief export compliance officer based in the United States.
Chinese telecoms equipment group ZTE Corp, facing U.S. sanctions that could come this month, on Tuesday said it had appointed a new chief export compliance officer based in the United States. Matthew Bell was appointed chief export compliance officer and legal counsel, and will also serve as chief compliance officer and legal counsel for ZTE USA, the firm's U.S. subsidiary, the firm said.
Chinese telecoms equipment group ZTE Corp , which is still facing the threat of curbs on trade with U.S. firms, reported a 10.5 percent rise in its third-quarter net profit on Thursday. ZTE is still facing the imposition of a trade ban on U.S. component makers and software firms supplying ZTE, essentially cutting off much of the supply chain for the network equipment and smartphones ZTE makes. The U.S. Commerce Department ordered the trade ban earlier this year over allegations that it violated rules restricting the exports of U.S. technolgy to Iran, but then lifted the ban while it seeks to reach a settlement.