March 8, 2017 / 1:58 AM / 5 months ago

ZTE set to fall 1 percent in Hong Kong after settling U.S. sanctions case

The company logo of ZTE is seen through a wooden fence on a glass door during the company's 15th anniversary celebration in Beijing April 18, 2013.Barry Huang/File Photo

HONG KONG (Reuters) - Shares of ZTE Corp are set to open 1.2 percent lower in Hong Kong after it agreed to pay $892 million and plead guilty to criminal charges for violating U.S. laws that restrict the sale of American-made technology to Iran and North Korea.

Reporting by Donny Kwok; Editing by Edwina Gibbs

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