Taiwan's Elite Group buys back $4 million convertibles

New York, Oct. 18 - Elite Group Computer Systems Co., Ltd. said it bought back $4 million face amount of its euro convertible bonds.

The company paid 99% of par for the securities for a total of $3.96 million.

Following the repurchase, Elite has $46 million of the convertibles outstanding.

Elite Group is a Taipei, Taiwan, maker of computers and components.

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