A United States judge on Tuesday ruled that China’s ZTE Corp, a leading manufacturer of telecommunications equipment, should be allowed to end its five-year probation from a 2017 guilty plea of illegally shipping US technology to Iran and North Korea.
Trading in ZTE shares was suspended before markets opened in Shenzhen and Hong Kong after news of the decision by US District Judge Ed Kinkeade in Texas.
The ruling came on the final day of the company’s probation, which ZTE had been accused of violating through an alleged conspiracy to bring Chinese nationals to the United States to conduct research at ZTE through visa fraud.
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