TIANJIN, China, Dec. 17, 2010 (GLOBE NEWSWIRE) -- Shengkai Innovations, Inc. (Nasdaq:VALV) ("Shengkai Innovations" or the "Company"), a leading ceramic valve manufacturer in the People's Republic of China (the "PRC"), today announced that the Company has priced a public offering of 1,058,646 shares of common stock at $5.50 per share, resulting in approximately $5.3 million in net proceeds, after deducting the underwriting discount, commissions, and expenses. The transaction is expected to close on or about December 22, 2010, subject to customary closing conditions.
Shengkai Innovations Announces Pricing Of Common Stock Offering
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