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China High Speed repurchases RMB 44 million of 0% convertibles due 2011
By Devika Patel
Knoxville, Tenn., Dec. 9 - China High Speed Transmission Equipment Group Co., Ltd. said it repurchased RMB 44 million of its RMB 2 billion issued zero-coupon convertible bonds due 2011 on Dec. 4.
The company paid 72 for the bonds for a total of $4.62 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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