ZTE Management Increases Holding Through Purchase of More Than One Million ‘A’ Shares

Release Date:2011-06-27  Author:ZTE  Click:107

27 June 2011, Shenzhen – ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, today announced that the management of the company has increased its shareholding through the purchase of more than one million A shares on 24th June 2011. The shares were acquired through individual funds from the secondary market at the market price. The acquisition is based on the company's long-term development strategy, and reflects the confidence of the management in ZTE’s future prospects.

 

ZTE has recently increased its investment in LTE, FTTx, PTN/40G, smart terminals, cloud computing and other sectors. The company aims to continue to expand in the U.S., Europe and other developing countries.

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