China's Hanergy chairman sold some shares before stock plunge

HONG KONG: The chairman of China's Hanergy Thin Film, which saw its shares tumble nearly 50 percent on Wednesday before trading was halted, had sold some shares before the plunge, Hong Kong stock exchange filings showed.

Chairman and founder Li Hejun of the Chinese solar company had increased his short positions in the share to 7.71 percent of the total issued share capital from 5.81 percent previously by selling 795 million shares, according to stock exchange filings dated May 18.