Disclosure Insight Maintains High Risk Rating on Harbin Electric

A report from D.I. reiterates its High Risk rating on Harbin Electric

. The report states, “Insider ownership; an upcoming transaction that would take HRBN private; the appointment of a non-top tier auditor; acquisition activity; a related party transaction; and the chairman and CEO positions being held by one person support our opinion of a High Risk rating for HRBN. Tianfu Yang has served as Chairman & CEO since Jan-05 and owned 31.1% of the company's outstanding common shares as of 18-Jun-11." HRBN closed yesterday at $22.98.