12/5/2007, ZTE today announced to invest 1.29billion RMB in a new energy company with its shareholders or sister companies including Zhongxianwei, Zhongxing development, Zhongxing international investment, also Mr. Hou, weigui, chairman of the board of ZTE.
ZTE said that it would still focus on communication industry. To join this investment is just to optimaize the investment structure, to increase return of investment, to look for new profit increasing source.
According to local media, besides energy and communication industry, ZTE has made investment in real estate and environment industry. ZTE enviroment company is looking forward to going public within 3 years.
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