HRBN
HARBIN ELECTRIC, INC.NASDAQ
HRBN is defunct.
  • Oct. 31, 2011, 9:20 AM

    Premarket gainers: MNTA +17%. PCRX +7%. NBR +5%. HRBN +4%. CP +4%.
    Losers: HMC -8%. DB -7%. MTW -6%. DANG -5%. ING -5%. RBS -5%. FRO -5%. RIO -4%. BHP -4%. TTM -4%. FBR -4%. DRYS -4%. LYG -4%. TCL -4%. UBS -4%. AEG -4%. PCX -3%. NBG -3%. MS -3%. STO -3%. FCX -3%. YGE -3%. RENN -3%. X -3%. YHOO -3%. ASML -3%. BAC -3%. NTT -3%. VALE -3%. ALU -3%. C -3%. GCB -3%. MGM -3%.

    | Oct. 31, 2011, 9:20 AM
  • Oct. 30, 2011, 5:44 AM

    Harbin Electric (HRBN) shareholders yesterday approved the company's $24/share offer to go private via a merger with Tech Full Electric, ending a year-long struggle amid fraud allegations from a short seller. The share closed at $22.55 on Friday. U.S.-based VP Christy Shue gets an exit package worth nearly $2.3M. (PR)

    | Oct. 30, 2011, 5:44 AM | 8 Comments
  • Sep. 30, 2011, 7:44 AM
    Beleaguered Harbin Electric (HRBN) shoots up 9% premarket after moving a step beyond mailing proxy materials - scheduling a special meeting Oct. 29 to vote on a $24 offer to take the company private.
    | Sep. 30, 2011, 7:44 AM | 1 Comment
  • 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.

    | Sep. 29, 2011, 5:20 PM | 1 Comment
  • Sep. 6, 2011, 4:50 PM

    Harbin Electric (HRBN) fires back (once again) at a blogger questioning the firm's legitimacy. The latest presser from Harbin says "short sellers" are behind the accusations.

    | Sep. 6, 2011, 4:50 PM
  • Sep. 6, 2011, 1:27 PM

    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.

    | Sep. 6, 2011, 1:27 PM
  • Aug. 26, 2011, 2:34 PM

    Harbin Electric (HRBN -9.5%) refutes "unfounded market rumors," declaring that it has never modified any of its documents filed in China with the SAIC, and that no members of its management or board have resigned or advised the company of any intent to resign. (previous)

    | Aug. 26, 2011, 2:34 PM | 2 Comments
  • Aug. 24, 2011, 5:06 PM

    Harbin Electric (HRBN) says it stands by its SEC filing and accuses a blogger attempting to expose the firm of being a "short-seller." Shares fell 6.9% on the day.

    | Aug. 24, 2011, 5:06 PM | 1 Comment
  • Aug. 24, 2011, 12:36 PM

    Harbin Electric (HRBN -1.8%) shares sink anew as Chimin Sang alleges doctoring of the firm's SAIC reports after finding discrepancies. He believes this information will lead to a nixing of the financing necessary to take the firm private at $24/share. (previous)

    | Aug. 24, 2011, 12:36 PM
  • Aug. 5, 2011, 1:15 PM

    Electric motor manufacturer Harbin Electric (HRBN -3.3%) continues to fire back at a Citron Research report targeting the company, stating today that no SEC investigation of the company is currently occurring. Citron had suggested Harbin will be "under the scrutiny of the SEC" until its plans to go private are carried out. (previously)

    | Aug. 5, 2011, 1:15 PM
  • Aug. 3, 2011, 1:29 PM

    Harbin Electric (HRBN) climbs back from sharp early losses as it comes out swinging against a report from Citron continuing to allege accounting issues, multiple securities violations, and that the move by the company to go private isn't happening. "This report ... is a patchwork of fabricated evidence ... (intending) to drive the stock price down."

    | Aug. 3, 2011, 1:29 PM | 1 Comment
  • 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.

    | Jul. 13, 2011, 9:56 AM | 1 Comment
  • Jul. 13, 2011, 9:00 AM

    Premarket gainers: GLUU +10%. HRBN +9%. CLNE +8%. MDW +6%. TRH +6%. KCI +5%. DANG +5%. RENN +4%. NXG +3%. SINA +3%. XCO +3%. YOKU +3%.
    Losers: CWH -6%. NOK -3%. SOLR -3%.

    | Jul. 13, 2011, 9:00 AM
  • Jun. 20, 2011, 1:08 PM
    Forget Greece, writes James Altucher, look at what's happening in China, where fraud worries have made legitimate companies too cheap. Harbin Electronics (HRBN +55%) could be the canary in the coal mine.
    | Jun. 20, 2011, 1:08 PM | 7 Comments
  • 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.

    | Jun. 20, 2011, 9:27 AM | 5 Comments
  • Jun. 20, 2011, 9:00 AM

    Premarket gainers: HRBN +65%. ACUR +47%. DEXO +25%. PSTI +10%. MCP +6%. GPL +6%. TWO +3%. PCX +3%. AVL +3%.
    Losers: CTIC -6%. NBG -5%. PAY -3%.

    | Jun. 20, 2011, 9:00 AM