ZTE Board Approves Purchase of Raw Materials from Controlling Shareholder

MT Newswires Live

Dec 27, 2024

Telecom equipment company ZTE (HKG:0763, SHE:000063) secured its board's approval for the agreement for the purchase of various raw materials for its manufacturing needs from its controlling shareholder, Zhongxingxin Telecom, throughout 2025, a Thursday Hong Kong bourse filing said.

The items include cabinets and accessories, antenna rods, metal alloy stamps and molds, solar spare parts, flexible printed circuits, opto-isolators, robots, industrial cameras, visual processing systems, smart plant construction sub-systems, and smart quality management cloud platforms.

The group expects the maximum amount for the purchase to be 400 million yuan for the next year

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