U.S. extends ZTE reprieve on alleged Iran sanctions violations
The ZTE company logo is seen as a guest delivers a speech during the company's 15th anniversary celebration in Beijing April 18, 2013. REUTERS/Barry Huang
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
HONG KONG (Reuters) - Chinese smartphone maker ZTE Corp <000063.SZ><0763.HK> said it has won a further reprieve to Nov. 28 on tough export restrictions that were imposed on the company by the U.S. government in March.
ZTE would continue to cooperate with relevant U.S. government departments to reach a final solution on the matter, the Shenzhen-based company said in a filing to the Hong Kong bourse on Friday. (http://bit.ly/2b4KYG4)
In March, the U.S. Commerce Department hit the company with some of the toughest-ever U.S. export restrictions for allegedly breaking sanctions against Iran. The agency offered the company a three-month relief from the restrictions, which was later extended to Aug. 30.
(Reporting by Donny Kwok; Editing by Richard Pullin)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Peru tries to rescue seven miners trapped by landslide
- U.S. consumer agency sues Navient for 'failing' student loan borrowers
- Facebook dismissive of censorship, abuse concerns, rights groups allege
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!