HONG KONG (Reuters) - ZTE Corp, the world's No.5 telecom equipment maker, said on Tuesday it had signed a $20 billion financing agreement with Chinese policy bank China Development Bank (CDB).
"The principal terms of the agreement include the provision by CDB of a $20 billion facility for cooperation, comprising financing facilities for the company's overseas projects and credit facilities for the company," it said in filings to the Hong Kong and Shenzhen stock exchanges.
"The agreement forms the framework of business cooperation for an effective period of five years," ZTE said.
For the statement, please click http://www.hkexnews.hk/listedco/listconews/sehk/2012/1204/LTN201212041000.pdf
(Reporting by Lee Chyen Yee; Editing by Anne Marie Roantree)
Obama's Special Assistant Resigns After Being Charged For Shooting At Police Officer - Bearing Arms - Barack Obama, Barvetta Singletary, Crime, Maryland
'Becoming clearer why Pagliano took the Fifth': Tale of Hillary's server takes another twist
Peter Schiff - Meet QT; QE's Evil Twin
Paul Driessen - Obama’s Deceitful, Unsustainable Energy Decrees
The Koran’s Contents—Not Carbon Dating—Cast More Doubt on Islam’s Origins | Human Events
WaPo: Clinton personally paid State Dept employee to maintain private server
An Unserious Candidate for an Unserious Country | RedState