A deal between Hudson Securities, Inc and Jinhao motor company has been secured. The $30 million financial deal is the second largest PIPE merger completed since the reverse merger in 2008.

Jinhao, primarily a small Chinese motorcycle and engine manufacturer was relatively unknown before this deal. Now, though, it is big news for the small firm, and it hopes further publicity will strengthen the company’s brand image.

Chief Executive Officer of Hudson Securities, Anthony M. Sanfilippo, stated: "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."

He continued to say: "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."