皇冠体育app

A foreign group has bought US$25 million worth of convertible bonds from Datang Mobile, in a show of support for a key developer of 皇冠体育app’s third-generation (3G) mobile standard, TD-SCDMA, the South 皇冠体育app Morning Post reported Thursday.

The group's three members are Korea Development Bank's private equity arm, Korean venture capitalist STIC Investments and SeaBright 皇冠体育app Special Opportunities, a fund co-owned by U.S. Seagate Global Advisors and 皇冠体育app Everbright, the Hong Kong-based newspaper reported.

Beijing-based Datang Mobile will soon announce further rounds of private equity investment, aiming to raise up to US$100 million by the end of this year, the paper said, quoting Liu Guoyi, the company’s director of investment and finance, as saying.

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