Hudson Securities, which provides corporate finance, advisory, institutional equity research, and capital markets services, has completed a private placement transaction of $30M for Jinhao Motor, a Nevada-based company that manufactures motorcycles and small engines for overseas and domestic markets at its subsidiary in the People's Republic of China.

The private investment in a public equity “PIPE” financing was part of a reverse merger with U.S.listed Georgia International Mining Corp. Hudson Securities acted as the sole placement agent of the convertible preferred stock and warrants on behalf of Jinhao, and was an advisor in the reverse merger. Hudson Securities has enhanced its international capabilities to complement and support the growth of its established Cross-Border Investment Banking Group.

"The transaction underscores the strength of our cross-border investment banking group's origination, execution and syndication capabilities to address the capital-raising needs of Chinese and other non-U.S. companies," stated Anthony M. Sanfilippo, CEO of Hudson Securities. "With continued market uncertainty, we're committed to providing an array of financing solutions to serve the needs of micro, small and mid-cap companies as well as their investors."

According to PlacementTracker, which is a service of Sagient Research Systems, this is the second largest PIPE transaction completed concurrently with a reverse merger since January 2008. Hudson Securities is a subsidiary of Hudson Holding Corporation and is a member of the Financial Industry Regulatory Authority.

Frank J. Drazka, Head of Investment Banking at Hudson Securities, added: "We would like to thank Jinhao, Chairman Tsoi and Worldwide Capital, Jinhao's financial advisor, for selecting Hudson to be a trusted partner and participating in the success of this transaction."

As part of the reverse take-over, Jinhao's major shareholder, Mr. Chak Shing Tsoi, exchanged his stock in Jinhao with Phoenix-based Georgia International Mining Corp. for a 95 percent stake. The PIPE investors are based in Asia, and a portion of the financing was structured to be compliant with Sharia Law.

Jinhao's primary strength lies in its existing strong global sales distribution network from the motorcycle business. Jinhao has developed and manufactured prototypes of several models of electric vehicles, including utility vehicles, and a compact two-door and a mid-size four-door car, both of which are used in city and highway environments.

Jinhao has invested over $45 million in R&D for electric vehicles. The company has signed sales agency agreements for electric vehicles with six distributors across China and overseas, and has signed sales contracts for electric vehicles with distributors from Spain, Finland, Italy, Chile and Thailand, and plans to expand to into the EU and the U.S. The company's electric vehicles are expected to be priced much lower than similar models produced by other car manufacturers in the international market.