China telecom firm ZTE exits 5-year probation after US court ruling

ZTE had been accused of violating probation over an alleged conspiracy to commit visa fraud.

A U.S. judge on Tuesday ruled that China's ZTE Corp, a top telecommunications equipment maker, should be allowed to end its five-year probation from a 2017 guilty plea.

The ruling came on the final day of the company's probation for illegally shipping U.S. technology to Iran. It marks the end of a criminal case against ZTE, though it is still subject to a 2018 settlement agreement with the U.S. Commerce Department.

The company asked that trading in its shares resume at 0500 GMT in Shenzhen and Hong Kong after requesting a halt following the decision by U.S. District Judge Ed Kinkeade in