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Published on 9/16/2008 in the Prospect News PIPE Daily.

Qiao Xing buys back $25 million of its convertibles

By Devika Patel

Knoxville, Tenn., Sept. 16 - Qiao Xing Universal Telephone, Inc. announced it has repurchased $25 million of its convertible notes from DKR SoundShore Oasis Holding Fund Ltd. and Cedar DKR Holding Fund Ltd.

Huizhou, China-based Qiao Xing manufactures and distributes telecommunication products in China.


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