China: Harbin Electric confirms acquisition bid

Harbin Electric, Inc’s board of directors confirmed on 10 June that the company’s chairman and chief executive officer and Abax Global Capital had reaffirmed their proposal to acquire all the 59.28% of the common stock shares of the publicly-owned company not already owned by Mr Yang, Abax and their respective Subscribe to Automotive World to … Continued

• By Webmaster
• June 13, 2011