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Slideshow Sponsored Links ZTE to sell off stake in unit worth 1.3 billion yuan Tweet Share this Email Print Related News AIG to raise up to $6.5 billion through AIA share sale: sources Mon, Dec 17 2012 Foxconn International chairman to retire from January 1 Thu, Dec 13 2012 China insurer PICC debut shines through Hong Kong IPO gloom Fri, Dec 7 2012 Apple's ranking in China smartphone market falls to No.6: IDC Thu, Dec 6 2012 Thai group buys $9.4 billion Ping An stake from HSBC Wed, Dec 5 2012 Analysis & Opinion Inequalityâ€™s pernicious twin is our growing cultural divide Promoting investigative journalism in Pakistan, one tax return at a time Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » ZTE company logos are seen at an international software and information services exhibition in Nanjing, Jiangsu province September 6, 2012. Credit: Reuters/China Daily HONG KONG | Fri Dec 28, 2012 4:50am EST HONG KONG (Reuters) - ZTE Corp, China's second largest telecom equipment maker, plans to sell an 81 percent stake in its unit Shenzhen ZNV Technology for 1.3 billion yuan ($206 million), it said on Friday. The stake sale will result in a net gain of 880 million yuan for the loss-making company, it said in a statement on the Hong Kong stock exchange. ZTE logged its biggest quarterly loss in the third quarter, with analysts saying that it would need to sell off stakes in its units to help it turn profitable for the full year. (Reporting by Lee Chyen Yee and Alison Leung) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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