ZTE and Axiata sign cooperation agreement

ZTE (000063) recently announced a 5-year global Strategic cooperation Framework Agreement with Axiata, one of Asia's largest operators.　　This framework agreement is primarily a procurement platform agreement for ZTE to provide communications products for Axiata and its companies (Opcos). According to the briefing, the 5-year Framework Agreement on Global strategic Cooperation will strengthen the bilateral regional ties and cooperation. ZTE will create value in the technical and commercial aspects of products, solutions and services to achieve time and efficiency savings through this procurement platform, and to increase business penetration in Axiata.　　In addition, the agreement will improve the exchange of information on technology, technology, products and services in the procurement area between ZTE and Axiata and its companies, increase its understanding of ZTE technology development, and thus achieve faster cooperation between the two sides. In addition, ZTE also reduced its holdings of national Technology (300077) 4 million shares. It was announced June 22, 2011 that ZTE sold 4 million shares of national technology through the bulk trading system, selling an average price of 24.75 yuan/share, accounting for 1.47% of total national Technology equity.　　It is estimated that the net income before income tax after deducting costs and related transaction taxes is about 59 million yuan, accounting for 1.82% of the latest audit net profit of ZTE.　　After the reduction, ZTE still holds the national technology 36.8531 million shares, the shareholding ratio of 13.55%, all for the unlimited sale conditions of circulation shares. Securities Times reporter Huang Zhang Yi