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Prospect News home > News index > List of issuers T > Headlines for Tenders 2008 > News item
Published on 10/30/2008 in the Prospect News Convertibles Daily.

China High Speed buys back RMB 255 million of 0% convertibles due 2011

By Devika Patel

Knoxville, Tenn., Oct. 30 - China High Speed Transmission Equipment Group Co. Ltd. announced it bought back RMB 255 million of its RMB 2 billion issued zero-coupon convertible bonds due 2011 on Oct. 24.

The company paid between 58 and 68 for the bonds for a total of $22.29 million.

China High Speed, which is incorporated in the Cayman Islands, is a mechanical transmission equipment manufacturer in the People's Republic of China.


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