More great news coming out of the Chinese small and mid-cap space. This via ChinaSecurities.com
Congratulations to our friends over at ROTH Capital on completing yet another great transaction. I’ve seen a steadily increasing frequency of these announcements coming out of ROTH, which tells me that things are getting much better. Adding to this, a prominent attorney recently told me that M&A and Financing work has significantly increased over the last 3 months.
With respect to this deal, Harbin Electric sounds like yet another excellent Chinese company. You can read the details below but here is the excerpt I liked:
Through its U.S. and China-based subsidiaries, the Company operates three manufacturing facilities in China located in Harbin, Weihai, and Shanghai with a total of approximately 1,800 employees.
Transaction Information
On July 30th, Harbin Electric, Inc. announced an underwritten public offering of 6,250,000 shares of its common stock for a per share price of $16.00. The offering of the shares was made pursuant to a registration statement previously filed with the Securities and Exchange Commission. ROTH Capital Partners acted as the sole manager of the offering. Harbin Electric has granted a 30-day over-allotment option to ROTH Capital Partners for 937,500 shares at the public offering price.
Client Information 
Harbin Electric (HRBN), headquartered in Harbin, China, is a leading developer and manufacturer of a wide array of electric motors with a focus on innovative, customized and value-added products. Its major product lines include linear motors, automobile specialty micro-motors, and industrial rotary motors. The Company’s products are purchased by a broad range of domestic and international customers, including those involved in oil services, factory automation, food processing, packaging, transportation, automobile, medical devices, machinery and tool manufacturing, petrochemical, as well as in the metallurgical and mining industries.
Harbin Electric has built a strong research and development capability by recruiting talent worldwide and through collaborations with top scientific institutions. The Company owns numerous patents in China and has developed award-winning products for its customers. Through its U.S. and China-based subsidiaries, the Company operates three manufacturing facilities in China located in Harbin, Weihai, and Shanghai with a total of approximately 1,800 employees. Each of the three manufacturing facilities is dedicated to a specific product line and is equipped with state-of-the-art production equipment and quality control systems.
As China continues to grow its industrial base, Harbin Electric aspires to be a pioneer in leading the industrialization and technology transformation of the Chinese manufacturing sector. To learn more about Harbin Electric, visit http://www.harbinelectric.com or visit the Company’s HUB here at ChinaSecurites.
Congratulations to Byron et al.
Regards,
George
It’s nice to see these transaction starting to take place once again!