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BRIEF-ZTE Corp updates on export restrictions by U.S. Commerce Department
February 14, 2017 / 4:17 AM / 8 months ago

BRIEF-ZTE Corp updates on export restrictions by U.S. Commerce Department

Feb 14 (Reuters) - ZTE Corp :

* Updated information in relation to export restrictions by U.S. Commerce Department

* Company is negotiating with U.S. Commerce Department, U.S. Department of Justice and U.S. Department of Treasury on settlement issues

* Outcome of negotitations expected to result in penalties imposed on company by relevant U.S. government departments

* Outcome of settlement issues still remains uncertain, will likely have material impact on financial conditions and operating results of co Source text for Eikon: Further company coverage:

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