Chinese telecom equipment maker ZTE Corp surged more than 12 per cent in Hong Kong on Monday after the United States lifted a ban on American companies selling parts to the company that had crippled its business.
The US Commerce Department removed the ban shortly after ZTE deposited $400 million in a US bank escrow account as part of a settlement reached last month, which also included a $1 billion penalty that ZTE paid to the US Treasury in June.
ZTE's Hong Kong-listed shares . . .
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