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China’s ZTE may pay over $1 billion to the US over foreign bribery allegations, sources say
Chinese telecoms equipment maker ZTE Corp may pay more than $1 billion to the U.S. government to resolve years-old allegations of foreign bribery, according to two people familiar with the matter. On Thursday, ZTE’s Hong Kong-listed shares tumbled more than 12%, while its Shenzhen shares fell by their daily limit of 10%.
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