Harbin Electric (HRBN.NASDAQ), an electric motor company, has denied a report by short-seller firm Citron Research that questioned the chief executive’s proposal to take the company private, saying the allegations contained “factual errors” and “out-of-context information,” the Wall Street Journal reported. Tianfu Yang, the chief executive of Harbin Electric, and Abax Global Capital, which collectively own about 40.7% of the company’s shares, reiterated their interest earlier this month in buying out the company’s remaining shareholders for US$24 a share, and affirmed on Friday they had financing in place for the deal. Harbin Electric is just one of the Chinese companies that have seen their share prices hammered after the Securities and Exchange Commission and short-sellers including Citron Research launched investigations into accounting and disclosure issues at firms in China. The company’s shares are down 52% so far this year.