Harbin files $120 million shelf for stock, warrants, debt securities

By Jennifer Chiou

New York, May 27 - Harbin Electric, Inc. registered to sell up to $120 million of securities in an S-3 filing with the Securities and Exchange Commission.

The shelf covers common stock, common stock purchase rights, warrants, debt securities and units. Securities may be structured as convertibles.

Proceeds will be used for working capital purposes.

The company, based in Harbin, China, develops linear motors and special electric motors.

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