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ZTE (00763.HK) Denies Planning to Sue LENOVO GROUP (00992.HK) in Germany
LENOVO GROUP (00992.HK) is rumored to have initiated a patent lawsuit against ZTE (00763.HK) in the UK High Court recently, and ZTE might sue Lenovo in Germany due to unsuccessful ...
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ZTE (00763.HK) Denies Planning to Sue LENOVO GROUP (00992.HK) in Germany
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LENOVO GROUP (00992.HK)  -0.230 (-2.371%)    Short selling $24.59M; Ratio 8.548%   is rumored to have initiated a patent lawsuit against ZTE (00763.HK)  -0.650 (-3.059%)    Short selling $13.55M; Ratio 5.914%   in the UK High Court recently, and ZTE might sue Lenovo in Germany due to unsuccessful negotiations between the two parties, Chinese media reported.

ZTE said in its official response that the news about it potentially suing Lenovo in Germany is not true, and it emphasized its consistent respect for any enterprise's legitimate actions within the legal framework, but expressed deep regret over Lenovo's related actions.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-14 12:25.)

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