Hong Kong’s financial regulator is taking the directors of Hanergy Thin Film Power to court to try to force the solar equipment supplier’s parent company to pay what it owes its subsidiary, and to seek the disqualification of its founder and controlling shareholder Li Hejun.
HTF shot to prominence in 2015 when its Hong Kong-listed shares tripled in less than a year even as analysts questioned its heavy reliance on sales to Hanergy Group, its privately held parent based on the Chinese mainland.
Trading in HTF’s shares was halted in May 2015 after the stock inexplicably plunged almost 50 per cent in less than half an hour. Trading has not resumed since.
您已阅读26%（657字），剩余74%（1826字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。