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Published on 12/31/2009 in the Prospect News Convertibles Daily, Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

SORL Auto Parts files $80 million shelf for stock, preferreds, debt

By Devika Patel

Knoxville, Tenn., Dec. 29 - SORL Auto Parts, Inc. filed an $80 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock, debt securities, warrants and units.

The securities may be structured as convertibles.

The Ruian City, China-based automotive air brake valves and related components manufacturer will use the proceeds for general corporate purposes.


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