Embattled ZTE seeks $10.7 bln credit line, nominates 8 board members

By Sijia Jiang HONG KONG, June 14 : Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The news, announced late on Wednesday, indicates China’s No.2 telecom equipment maker […]