United States: Thelen China Team Represents High-Tech Companies In Complex Private Placements
Last Updated: March 20 2007

SHANGHAI, NEW YORK, AND WASHINGTON, DC (March 7, 2007)—Thelen Reid Brown Raysman & Steiner LLP’s China practice group has just completed two complex financings on behalf of two high-tech companies in the PRC.

In the first transaction, the firm represented China Security & Surveillance Technology (OTCBB: CSCT.OB) in connection with its private placement of $60 million in convertible notes to Chicago-based Citadel Investment Group, which manages hedge funds worth $12 billion in assets. This transaction closed on February 20, 2007. China Security, through its subsidiaries, is engaged in the manufacture, distribution, installation and maintenance of security and surveillance systems throughout China.

In another transaction, our China team represented China Public Security Technology Inc. (OTCBB: CPBY.OB) in connection with a private placement of $14.96 million of common stock to accredited investors. CPST, formerly known as Irish Mag, Inc., is a leading provider of real-time Geographic Information System ("GIS") and Software Operating Services in China.

The transaction team for these matters is led by Shanghai managing partner Tom Shoesmith and Washington, DC-based Business and Finance partners Lou Bevilacqua and Joe Tiano, and includes Washington, DC associates Jing Zhang and Dawn Bernd-Schulz, and PRC legal consultants Qiaozhu Chen and Julian Zou in the firm’s Shanghai office.

Click here to read about the China team’s handling of two recent reverse mergers.

For more information, contact:

Kevin Livingston
National Manager of Public Relations
Thelen Reid Brown Raysman & Steiner LLP

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