Telecom Supplier ZTE Redials as Profits Slip

(Beijing) – Institutional investors apparently sensed trouble brewing at ZTE Corp. several months before the company – China's largest publicly listed telecoms equipment manufacturer – released a relatively bleak financial report for the first half 2012.

Only 48 institutional investors still held ZTE's Shenzhen-listed stock in June, down from 198 major backers on the roster at the end of 2011, according to financial data provider Wind Information Co. Ltd.