Shengkai Innovations, Inc., a leading ceramic valve manufacturer in the People's Republic of China whose shares are listed on the NASDAQ Global Market, closed a public offering of 2,456,800 shares of common stock at $5.50 per share on November 24, 2010. Kramer Levin clients Global Hunter Securities, LLC and Maxim Group LLC acted as the joint book runners for the offering. The offering was made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Kramer Levin team consisted of Corporate partner Christopher S. Auguste and associates Bill Huo, Ari Edelman and Jenifer A. Wilen, and Intellectual Property counsel Kevin M. Moss.

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