<- January 25, 2008 ->

ZTE Wins CSRC Approval for RMB 4bln Financing

Tencent Tech, 1/25/08

ZTE's (0763.HK; 000063.SZ) request to issue a total of RMB 4 bln worth of stocks and bonds was recently approved by the China Securities Regulatory Commission (CSRC). ZTE will issue the stocks and bonds on January 30. The capital raised will be used primarily on R&D and production for TD-SCDMA terminals.

Keywords: debt financing, ZTE, 0763.HK, 000063.SZ, 3G, CSRC, financing, R&D, TD-SCDMA, wireless

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