China High Speed buys RMB 31.8 million more of its 0% convertibles

By Devika Patel

Knoxville, Tenn., Nov. 10 - China High Speed Transmission Equipment Group Co. Ltd. announced it repurchased RMB 31.8 million more of its RMB 2 billion issued zero-coupon convertible bonds due 2011 on Oct. 31.

The company paid 55 for the bonds for a total of $2.56 million. It had bought back RMB 255 million of the notes on Oct. 24.

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

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