PrivateEquityChina

Qio Xing $13m Private Placement

One of China's largest makers and distributors of telecommunications products, Qiao Xing Universal Telephone Inc, placed 2 million shares of stock at $6.50 per share to a private investor.

The investor will receive four-year warrant to purchase up to 400,000 shares of common stock at $8.125 per share. Worldwide Gateway Co. Ltd. acted as placement agent for the transaction.

January 2006

Chip Packer Raises $15M Equity

Pleasanton-based ASAT Holdings Limited (ASTT), a provider of chip packaging services, announced the closing of its previously announced $15 million preferred share financing and $15 million purchase money loan commitments. The purchase money loans will be funded if the additional capital is needed by the company to complete the move of the company's assembly and test facilities to Dongguan, China from Hong Kong.