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BUSINESS & TECH

Sun to Shine Again on Embattled Hanergy?

Photovoltaic batteries made by Hanergy Thin Film Power Group Ltd. are seen in Beijing in September 2014. Photo: IC
Photovoltaic batteries made by Hanergy Thin Film Power Group Ltd. are seen in Beijing in September 2014. Photo: IC

Embattled renewable-energy firm Hanergy Thin Film Power Group Ltd. has fulfilled a key condition to resume trading, which could end a nearly three-year suspension after the rapid rise and subsequent crash of its Hong Kong-listed stock.

Hanergy saw its stock surge in 2015 before suddenly reversing course, triggering an investigation by the securities regulator and suspension of its shares. The solar power equipment-maker recently submitted a disclosure document to the Hong Kong Securities and Futures Commission (SFC), fulfilling the second of two conditions for a resumption of trade, the company said in a stock exchange filing Wednesday.

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