Xin Lang Cai Jing·2025-08-21 01:45Group 1 - ZTE Corporation's stock surged by 14% in Hong Kong, reaching HKD 33.94 with a trading volume of HKD 1.6 billion [1] - On August 20, ZTE's shareholders transferred stocks from Citibank to the Hong Kong Stock Connect, with a market value of HKD 818 million, accounting for 3.78% of the total [3] - ZTE announced that all conditions for the subscription agreement have been met, and a bond with a total principal amount of RMB 3.584 billion was issued on August 5, 2025 [3] Group 2 - The net proceeds from the bond subscription, after deducting fees and expenses, will be approximately USD 494 million (equivalent to about RMB 3.543 billion) [3] - The company plans to use the proceeds from the bond for enhancing research and development in computing power products [3]