IDG Funds Exercise Conversion Rights

BEIJING, Sept. 27 /PRNewswire-Asia/ -- China TechFaith Wireless Technology Limited (Nasdaq: CNTF) ("TechFaith") today announced that IDG-Accel China Growth Fund II L.P. and IDG-Accel China Investors II L.P. (the "IDG Funds"), holders of US$10 million aggregate principal amount of 8% senior secur

Source : http://www.prnewswire.com/news-releases/idg-funds-...