ZTE Corp, China's second-largest maker of phone equipment, denied a report that it won part of an order from China Mobile Communications Corp for handsets after its shares rose the most in more than a month.
The company won part of China Mobile's first tender for fourth-generation handsets, valued at several billion yuan, along with Huawei Technologies Co and China Wireless Technologies Ltd, Hong Kong-based Apple Daily reported on Monday, citing Sharp Daily.
"The report is not accurate," Rena Qin, a spokeswoman for Shenzhen-based ZTE, said by phone on Monday. She declined to comment further, referring queries to China Mobile. Zhang Xuan, a Beijing-based spokesman for the carrier, said in an e-mail that additional information wasn't immediately available.
ZTE rose 6.3 percent, the most since Aug 7, to close at HK$10.42 in Hong Kong. Before the company's denial, the shares had risen as much as 7.1 percent.
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