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ZTE sheds $2.7B in value as trading of shares resumes

By Bloomberg News

This article was published June 14, 2018 at 2:00 a.m.

people-mingle-near-the-zte-corp-stand-in-barcelona-spain-in-this-2017-photo-shares-of-the-chinese-technology-company-plunged-40-percent-on-hong-kongs-stock-exchange-wednesday-the-first-day-the-stock-was-traded-since-the-us-government-imposed-heavy-penalties-on-the-company-two-months-ago

People mingle near the ZTE Corp. stand in Barcelona, Spain, in this 2017 photo. Shares of the Chinese technology company plunged 40 percent on Hong Kong’s stock exchange Wednesday, the first day the stock was traded since the U.S. government imposed heavy penalties on the company two months ago.

ZTE Corp.'s deal with the U.S. government has brought it back from the dead, but investors put a steep initial estimate on the cost of the deal: at least $2.7 billion.

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Print Headline: ZTE sheds $2.7B in value as trading of shares resumes

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