ZTE (HKG:0763, SHE:000063) further subscribed for nine wealth management products from Bank of Hangzhou (SHA:600926) totaling 11.1 billion yuan, according to a Wednesday filing with the Hong Kong Stock Exchange.
The wealth management products' terms ranged between 11 days and 102 days. The expected annualized yield rate will be between 0.8% and 2.66%, the Chinese telecommunications equipment manufacturer said.
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