Hanergy nears decision on market return after 3-year suspension


HONG KONG: A decision on the future of Hong Kong-listed Hanergy Thin Film Power Group could come within weeks after the solar panel equipment maker met regulators last month as part of efforts to end a three-year trading suspension, sources said.

Hanergy’s stock collapsed spectacularly in May 2015, when, after a five-fold increase over the previous 12 months, it plunged 47% in 24 minutes, wiping out US$19bil in market capitalisation before the company asked for the shares to be suspended.

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