Harbin Electric, Inc. designs, develops and manufactures linear motors and special electric motors. With proprietary technology and core patents, the Company builds a wide array of customized linear motors and other special motor for a variety of applications and industries. The Company currently designs and supplies its motor products and systems to numerous end users throughout the Chinese domestic market, as well as, to other industrial OEM customers overseas. Industry applications for linear motors include oil field services, conveyor systems, factory automation, packaging equipment, as well as mass transportation systems. The Company is based in Harbin, China along with its wholly owned subsidiaries.
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muscleman 09-Jun-2011 11:59 AM
Post Type:
Public

Term loan disclosed (#10513)
09-Jun-2011 11:59 AM
http://www.streetinsider.com/13Ds/Harbin+Electric+%28HRBN%29+Surges+After+Loan+Facility+Disclosed/6571153.html
400 M. Hrm...... This is strange. I still don't believe they are really doing the acquisition. What is the colleteral for this term loan? The CEO's stocks as before?
I can't find the SEC filing from yahoo or google finance. Strange....