Thursday, November 23rd, 2017

Hong Kong investigates Hanergy after shares collapse

Hong Kong's market watchdog is probing Beijing-based solar energy firm Hanergy Thin Film Power Group (HTF) which suspended trading last week after its share price plungedHong Kong's market watchdog said Thursday it is investigating Beijing-based solar energy firm Hanergy Thin Film Power Group (HTF) which suspended trading last week after its share price plunged. HTF had surged more than sixfold in the past year, making it the world's largest solar power company by market value, but prompting questions over its valuation and revenue sources. It suspended trading on the Hong Kong exchange last Wednesday after stocks crashed by 47 percent, wiping $20 billion off its market value.


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