JPMorgan Chase & Co. (JPM) has upped its stake in ZTE Corp. The bank bought 1.43 million shares of the Chinese vendor for $5.57 million, according to a numbers released by the Hong Kong Stock Exchange last week.
The transaction effectively increases JPMorgan’s stake in the company from 11.87% to 12.14%. The per share price came down to $3.89.
JPMorgan Chase ups stake in ZTE
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