On June 13, A shares of ZTE Corporation resumed trading today with a stop-limit opening at the time of 28.18 yuan and over 600 million contracts.
Previously, ZTE issued an announcement that A shares and H shares will resume trading on the morning of June 13, 2018.
ZTE announced that it will pay a total of US$1.4 billion in civil fines. The BIS will terminate its April 2018 payment after ZTE pays US$1 billion in full in time under the agreement and order (1) of June 8, 2018 and (2) will pay an additional US$400 million to a US bank escrow account. The 15th (U.S. time) activated refusal order removed ZTE from the List of Forbidden Exporters.
ZTE will replace all members of the board of directors of the company and ZTE Kangxun within 30 days after the BIS issued the order of June 8.
ZTE will reorganize and disclose the first quarterly report of 2018.