China's ZTE Corporation (0763) said it has not received notices from government departments of the United States after media reported it is under investigation of US the Justice Department over bribery allegations. The Wall Street Journal reported two days ago that US government is investigating ZTE for possible bribes of foreign officials, which involves potential violations of the U.S. Foreign Corrupt Practices Act, citing people familiar with the matter. Shares of ZTE fell 21.13 percent to HK$24.45 as of 2:19 pm.

Source: The Standard March 16, 2020 07:19 UTC