ZTE Delays Financial Release Following US Trade Action

ZTE delayed release of Q1 results due Thursday after the Commerce Department Bureau of Industry and Security denied export privileges to the Chinese equipment maker for seven years (see 1804170018). The delay is necessary “pending an assessment on the impacts of the activation of denial order,” the company said Wednesday. “Further announcement(s) will be made by the Company in respect of the date of the Board meeting to approve the 2018 First Quarterly Report as and when appropriate.”