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China High Speed buys back RMB 122 million more of its 0% convertibles
By Devika Patel
Knoxville, Tenn., Nov. 18 - China High Speed Transmission Equipment Group Co. Ltd. said it repurchased another RMB 122 million of its RMB 2 billion issued zero-coupon convertible bonds due 2011 on Nov. 13.
The company paid 63 for the bonds for a total of $11.25 million. It had bought back RMB 255 million of the notes Oct. 24 and RMB 31.8 million more on Oct. 31.
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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