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China ITS buys back portion of 10% guaranteed bonds due 2015
By Marisa Wong
Madison, Wis., Jan. 10 - China ITS (Holdings) Co., Ltd. said it purchased an additional RMB 25 million of its 10% guaranteed bonds due 2015 on Jan. 6.
The purchased bonds were canceled on Friday, leaving RMB 165 million of the original RMB 210 million principal amount outstanding, according to a company announcement.
The company purchased and canceled an initial RMB 20 million of the bonds in May 2013.
The company said it purchased the bonds in the interest of the company and its shareholders.
China ITS is a Beijing-based transportation management system.
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