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HARBIN ELECTRIC, INC. (HRBN)

- NASDAQ
HRBN is defunct.
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  • Sep. 29, 2011, 5:20 PM
    Harbin Electric (HRBN), a Chinese maker of electric motors, is up 8.1% AH after stating it's begun mailing proxy materials regarding a vote to take the company private for $24/share in cash - a 25% premium to today's closing price. Harbin shares have been volatile thanks to fraud accusations and fears of the aforementioned deal not occurring.
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  • Jul. 13, 2011, 9:56 AM
    Harbin Electric (HRBN) +6.6% at $18.59 after it files a preliminary merger proxy statement, increasing confidence in the CEO-led buyout of the Chinese motor company. However, shares are still short of the $24 offer as investors await details of the financing.
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  • Jun. 20, 2011, 9:27 AM
    Harbin Electric (HRBN) +68.2% premarket after agreeing to be taken private by a group led by CEO Tianfu Yang in a deal that values the Chinese electric motor maker at $750M, or $24/share. Shares had fallen ~64% since an initial bid last October due to investor skepticism about the deal.
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  • Jun. 10, 2011, 8:08 AM
    Harbin Electric (HRBN) re-affirms its 'going private at $24/share' proposal, including the receipt of an "executed copy of a Facility Agreement" between the acquirers and China Development Bank Corporation to provide a $400M term loan to finance the heavily-debated deal. (PR)
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Company Description
Harbin Electric, Inc. (“Harbin Electric”), is a holding company incorporated in Nevada with its principal place of business based in the People’s Republic of China (“PRC”). Through our U.S. and China-based subsidiaries, we design, develop, manufacture, supply, and service a wide range of... More