ZTE (HKG:0763, SHE:000063) further subscribed for wealth management products for 9.7 million yuan, according to a Hong Kong Stock Exchange disclosure on Monday.
The Chinese telecommunication company bought eight of the products from Bank of Hangzhou (SHA:600926) from Oct. 8, 2024, to Feb. 10, 2025.
The products are expected to give an annualized yield rate of between 0.8% and 2.7%, the disclosure said.
ZTE's Hong Kong and Shenzhen shares both fell less than 2% in recent trade.
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