ZTEHoldings Selling 10% of Stake

Updated:2017/10/18 10:19

It is reported that ZTEHoldings has been selling 10 percent of stake at China Beijing Equity Exchange, categorized as state-owned assets transfer.

Founded in Shenzhen on April 29, 1993 with registered capital of CNY100 million, ZTEHoldings is among the 520 national key state-owned enterprises determined by the State Council, as well as the National High-Tech Enterprise. ZTEHoldings is the largest shareholder of ZTE Corporation with 30.35 percent of its stock.

The stake transferor should be state-owned capital since only state-owned share transfer needs to be filed in the equity exchange.

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