ZTE Corporation Plans A Share Incentives & Suspension

Updated:2017/4/20 18:31

ZTE Corporation announced on April 19 that it has been planning the Class A stock incentives.

ZTE needs to check the list of the motivated and communicate with them. In order to guarantee the interests of the majority of investors and avoid abnormal fluctuations in stocks, the company has applied to the Shenzhen Stock Exchange for suspension of A share from April 20, not lasting for over 5 trading days.

ZTE has released the quarterly financial results recently. It posted operation revenue of CNY25.745 billion with a 17.78 percent YoY increase, net profit of CNY1.214 billion attributable to the ordinary shareholders of the listed company, up 27.81 percent YoY.

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