China's ZTE plans $1.7 billion A-share sale to fund 5G R&D

ZTE Corp said it was looking to raise 11.51 billion yuan ($1.7 billion) from a private placement of A shares, and that it plans to use the proceeds for research and development (R&D) of 5G networks as well as working capital.


Source: http://feeds.reuters.com/reuters/technologyNews

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