HARBIN, China, Oct. 21, 2011 /PRNewswire-Asia-FirstCall/ -- Harbin Electric, Inc. ("Harbin Electric" or the "Company"; NASDAQ: HRBN), a leading developer and manufacturer of a wide array of electric motors in the People's Republic of China, today reminded Harbin Electric shareholders that the Special Meeting of Shareholders is to be held on Saturday, October 29, 2011 at 9:00 a.m. Eastern Time at the offices of Loeb & Loeb LLP, 345 Park Avenue, New York, NY 10154. The Company urges all shareholders to vote by proxy prior to the Special Meeting of Shareholders to approve the Company's Agreement and Plan of Merger dated as of June 19, 2011, as amended (the "Merger Agreement"), with Tech Full Electric Company Limited ("Tech Full Electric") and Tech Full Electric Acquisition, Inc. Only shareholders of record or their proxy holders will be admitted to the Special Meeting. Shareholders who wish to attend the Special Meeting need to pre-register no less than 24 hours before the meeting is scheduled to begin. Shareholders can pre-register by contacting MacKenzie Partners, Inc., the Company's proxy solicitor, by email: email@example.com or by phone: 800-322-2885 or 212-929-5500. The record date for voting is September 13, 2011. Any such holder attending the meeting will need to bring his or her proxy card or other proof of ownership as well as personal identification in order to gain admittance and be able to vote at the meeting.Harbin Electricshareholders are advised to follow the instructions on their proxy card to vote their shares by phone or Internet TODAY. Shareholders' brokers cannot vote shares unless the shareholder instructs him or her to do so. Failure to vote will have the same practicable effect as a vote against the $24 per share cash merger since the merger requires a majority of non-affiliated shares to vote "FOR" the merger. Shareholders who have questions about the merger, who need additional copies of the Company's proxy materials, or need assistance in voting their shares are encouraged to contact MacKenzie Partners.
Harbin Electric (Nasdaq:HRBN) hit a new 52-week high Monday as it is currently trading at $23.62, above its previous 52-week high of $23.20 with 539,265 shares traded as of 9:55 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.