Harbin Electric (HRBN) is -11.5% to $15.84 after CEO Tianfu Yang announces he is seeking...

|By:, SA News Editor

Harbin Electric (HRBN) is -11.5% to $15.84 after CEO Tianfu Yang announces he is seeking alternate financing for his buyout proposal. "No assurance can be given that the Yang Proposal, or any other transaction or strategic alternative, will be consummated," Harbin states. (PR)