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Published on 10/30/2008 in the Prospect News Convertibles Daily.

Xinyu Hengdeli repurchases RMB 20 million of 0% convertibles due 2012

By Devika Patel

Knoxville, Tenn., Oct. 30 - Xinyu Hengdeli Holdings Ltd. announced it bought back RMB 20 million of its RMB 1.15 billion of outstanding zero-coupon convertible bonds due 2012.

Xinyu Hengdeli is a Hong Kong-based watch retailer and wholesaler.


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