Caixin
Nov 05, 2018 05:30 AM
BUSINESS & TECH

In Depth: Scandal-Plagued Solar Firm’s Comeback Faces Same Old Doubts

Li Hejun. Photo:VCG
Li Hejun. Photo:VCG

* Stock may face delisting if trading in Hong Kong couldn’t be resumed by next July 31

* The company has done little to resolve doubts about its heavy reliance on sales to affiliated companies and receivables to boost revenue

Hanergy Thin Film Power Group Ltd. is stirring the market again with a proposal to buy out its frozen shares for HK$55 billion ($7 billion). It’s not clear where the money for such a buyout would come from.

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