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DTH to Offer USD 70mn Convertible Bonds to Warburg Pincus.
(From SinoCast China Business Daily News)
BEIJING, April 01, SinoCast -- Datang Telecom Technology Co., Ltd. (DTT, SHSE: 600198) announced the company's controlling subsidiary, Datang Telecom (Holding) Co., Ltd. would offer convertible bonds worth USD 70 million to Warburg Pincus LLC.
In particular, Datang Telecom (Holding) Co., Ltd. (DTH) will offer convertible bonds running to USD 7 0 million (or CNY 581 million) in two batches to Warburg Pincus's eight investment institutes. DTH will use these funds to acquire a stock of 90% in Datang Microelectronics Technology Co., Ltd. (DMT) and invest in the latter's R & D and manufacturing of chips.
Warburg …
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