DALLAS, June 21, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring China small-cap stock Harbin Electric Inc. (Nasdaq:HRBN). The report includes the company's most recent news, its financial position, as well as developments you need to know to make an educated investment decision.
The full report is available at:
Harbin Electric Inc. (HRBN) develops and manufactures a wide array of electric motors with a focus on innovative, customized and value-added products. Its major product lines include industrial rotary motors, linear motors and specialty micro-motors. The Company's products are purchased by a broad range of domestic and international customers, including those involved in the energy industry, factory automation, food processing, packaging, transportation, automobile, medical devices, machinery and tool manufacturing, chemical, petrochemical, as well as in the metallurgical and mining industries. The Company operates four manufacturing facilities in China located in Xi'an, Weihai, Harbin, and Shanghai.
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In the report, the analyst notes:
"Shares of the Chinese electric motor maker soared as much as 73% yesterday following news the company has agreed to be bought by its chairman and CEO and a private equity fund for $24 a share in cash, offering a premium of 186% on HRBN's share price at the end of last week. The deal, which values HRBN at close to $750 million, will result in the Company going private."
"The Company's stock fell to a new 52-week low on Thursday after Citron Research raised concerns about the go-private deal."
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