Shares in Hanergy Thin Film, the Hong Kong-listed solar business under scrutiny by the FT in recent months, has been suspended after falling by as much as 47 per cent to HK$3.91 on Wednesday.
That was the lowest level since February 3. No reasons were given for the suspension. Before the drop, its shares had rocketed up 480 per cent since August.
Hanergy confirmed that Li Hejun, chairman and majority shareholder, did not attend Thursday’s annual meeting in Hong Kong, although other senior executives, including Frank Dai Mingfang, chief executive, and Eddie Lam, finance director, did attend.
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