Shares of Harbin Electric (HRBN -2.7%) and Deer Consumer Products (DEER -17.2%) move lower...

|By:, SA News Editor

Shares of Harbin Electric (HRBN -2.7%) and Deer Consumer Products (DEER -17.2%) move lower following Alfred Little's latest post that says Chinese government officials confirm "multi-million dollar land fraud" at the two firms. Shares of HRBN were higher earlier after the CEO reaffirmed the "going private" offer at $24/share.