China High Speed buys another RMB 29.1 million of its 0% convertibles due 2011

By Devika Patel

Knoxville, Tenn., Nov. 26 - China High Speed Transmission Equipment Group Co. Ltd. said it bought back RMB 29.1 million more of its RMB 2 billion issued zero-coupon convertible bonds due 2011 on Nov. 20.

The company paid 62 for the bonds for a total of $2.64 million.

The company had repurchased RMB 255 million of the notes on Oct. 24 and RMB 31.8 million more on Oct. 31. It repurchased another RMB 122 million on Nov. 13 and RMB 150 million of the securities on Nov. 19.

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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