March 23, 2017 / 10:14 AM / 4 months ago

BRIEF-ZTE announces application for derivative investment limits for 2017

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March 23 (Reuters) - ZTE Corp

* intends to apply for authorisation to invest in value-protection derivatives against its foreign exchange risk exposure by hedging through dynamic coverage rate for amount not exceeding $3 billion for 2017

* "such limits may be applied on a revolving basis during effective period of authorisation."

* value-protection derivative investments will be conducted to reduce adverse impact arising from exchange rate fluctuations on company in 2017 Source text :(bit.ly/2nG3A6f) Further company coverage:

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