China Security & Surveillance: Whitehorse Deal a Bullish Sign
Aggregated Source: China Stocks News and Analysis from Seeking Alpha
February 8, 2008|
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On China Security & Surveillance (CSR), I just wanted to give a brief impression of the recent transaction involving Whitehorse Technology Ltd., a company owned by its CEO. In the transaction, Whitehorse sold Exchangeable Senior Notes due 2012 to an unnamed third party investor (not affiliated with CSR) for $50 million. The Notes are backed by a pledge of 8,750,000 shares of CSR owned by Whitehorse.
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