Atlanta based-law firm Morris, Manning & Martin, LLP is representing SORL Auto Parts, Inc. (Nasdaq: SORL) in a public offering of securities. SORL has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission to offer up to $80 million in securities, which may consist of common stock, preferred stock, warrants, debt securities or units composed of any of the foregoing. SORL, the largest commercial vehicle air brake system manufacturer in China, is based in Ruian City in Zhejiang Province.
Morris, Manning & Martin, which recently opened representative offices in Beijing and Taipei, represents numerous Chinese companies. The firm has a strong track record of public offerings and capital markets transactions for U.S.-based clients and is pleased to be representing a China-based company in connection with this SEC registration statement. Jeff Schulte, a senior partner in the firm’s Corporate and Securities practices, is representing SORL for this offering.
The shelf registration statement is intended to provide the company flexibility to facilitate the sale of securities subject to market conditions and the company’s capital needs.
The registration statement related to these securities has not yet become effective. Such securities may not be sold nor may offers to buy be accepted before the time the registration statement becomes effective, nor may sales be effected in the absence of a definitive prospectus and a prospectus supplement setting forth the terms and conditions of any specific offering of securities. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer of these securities will be made solely by means of the prospectus included in the registration statement and any prospectus supplement that may be issued with respect to such offering.
About SORL Auto Parts
As China’s leading manufacturer and distributor of automotive brake systems, SORL Auto Parts, Inc. ranks first in market share in the segment for commercial vehicles weighing more than three tons, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL ranks among the top 100 auto component suppliers in China, with a product range that includes 40 types of air brake valves and over 1000 different specifications. The Company has four authorized international sales centers in Australia, United Arab Emirates, India, and the United States, with additional offices slated to open in other locations in the near future. For more information, please visit http://www.sorl.cn.
About Morris, Manning & Martin, LLP
Morris, Manning & Martin (www.mmmlaw.com) is a full-service commercial law firm representing domestic and international clients throughout the United States. Our mission is to be the firm of choice for clients seeking the most creative, comprehensive and effective legal services available. Our legal solutions are delivered by industry-focused, diverse, involved lawyers who are dedicated to our clients’ success, whether in a transaction, in court or in the everyday course of business.
Morris, Manning & Martin enjoys national prominence for its healthcare, intellectual property, capital markets, environmental, green industry, insurance, litigation, mergers and acquisitions, real estate and technology practices. The firm has offices in Atlanta, Savannah, Raleigh-Durham, Taipei, Beijing and Washington, D.C.
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Media Contact: Terri Thornton, Thornton Communications (404) 932-4347 terri@territhornton.com