January 25, 2018 / 2:47 PM / 6 months ago

BRIEF-ZTE Updates On Signing Of LOI With Shenzhen Vanke Real Estate

Jan 25 (Reuters) - Zte Corp:

* UPDATES ON SIGNING OF LETTER OF INTENT WITH SHENZHEN VANKE REAL ESTATE

* THERE REMAIN CERTAIN TERMS OF DEFINITIVE AGREEMENT THAT REQUIRE FURTHER CONFIRMATION BY TWO PARTIES.

* PARTIES HAVE ENTERED INTO A “SUPPLEMENTAL AGREEMENT ON LETTER OF INTENT” ON 25 JANUARY 2018

* SUPPLEMENTAL DEAL STIPULATING THAT DEFINITIVE AGREEMENT SHOULD BE SIGNED NO LATER THAN 9 FEBRUARY 2018

* COMPANY WILL CONDUCT FURTHER NEGOTIATIONS WITH VANKE IN RESPECT OF DETAILS OF DEVELOPMENT Source text for Eikon: Further company coverage:

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