Embattled ZTE proposes $10.7 billion credit proposal, new board

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June 14, 2018
Embattled ZTE seeks $10.7 billion credit line, nominates 8 board members
June 14, 2018
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HONG KONG (Reuters) – Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban.