US judge halts ZTE’s five-year probation, ending Chinese company’s penalty for shipping telecoms gear to Iran and North Korea

Source: Tech – South China Morning PostA US judge on Tuesday ruled that China’s ZTE, a top telecommunications equipment maker, should be allowed to end its five-year probation from a 2017 guilty plea.The ruling came on the final day of the company’s probation for illegally shipping US technology to Iran and North Korea.Trading in ZTE shares was suspended before markets opened in Shenzhen and Hong Kong on request from the company pending an announcement, after the decision by US District Judge Ed Kinkeade in Texas. The company’s…Read More

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