Ron Burgundy Posted July 14, 2015 Share Posted July 14, 2015 HONG KONG (Reuters) - Shares of Chinese telecommunications equipment maker ZTE Corp were set to surge more than 30 percent in early Tuesday trade after the board approved an A-share buyback plan estimated at no more than 1 billion yuan ($161 million). Shenzhen-based ZTE posted a 42 percent rise in quarterly net profit in April as strong global demand for 4G infrastructure boosted sales. (Reporting By Yimou Lee; Editing by Anne Marie Roantree) View the full article Quote Link to comment Share on other sites More sharing options...
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