August 19, 2016 / 12:48 AM / a year ago

U.S. extends ZTE reprieve on alleged Iran sanctions violations

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.

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

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. (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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below