Baring Private Equity Asia will not lead Harbin privatization
NASDAQ-listed Harbin Electric, Inc., a developer and manufacturer of electric motors, announced an end to the planned privatization process for the company in partnership with Baring Private Equity Asia.
Harbin Electric’s Chairman and CEO Tianfu Yang and Baring Private Equity Asia were due to launch a joint $752 million privatization bid. According to Harbin’s statement on the amended and restated...
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