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Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item
Published on 4/6/2009 in the Prospect News PIPE Daily.

Qiao Xing to repurchase $30 million in convertibles

By Devika Patel

Knoxville, Tenn., April 6 - Qiao Xing Universal Telephone, Inc. said it has agreed to purchase $30 million of Qiao Xing Mobile Communication Co., Ltd.'s convertible notes for $24 million on May 1.

The notes will be bought from three investors, DKR SoundShore Oasis Holding Fund Ltd., Cedar DKR Holding Fund Ltd. and Chestnut Fund Ltd.

Huizhou, China-based Qiao Xing Universal manufactures and distributes telecommunication products in China. Qiao Xing Mobile, based in Beijing, is a manufacturer of mobile handsets.


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