Taiwan's Ritek buys back $15.69 million 0.5% convertibles

New York, Dec. 21 - Ritek Corp. said it bought back $15.692 million of its 0.5% convertible bonds due 2007.

The company paid 119.57% of par for the securities for a total of $18.763 million.

Ritek now has $123.14 million of the convertibles remaining out of the original $175 million.

The Taiwanese optical disk, photonics and electronics company previously said on Dec. 3 it bought back $10.29 million of the 0.5% convertibles at 119.324% of par.

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