Hanergy to accept Hong Kong regulator demands over trading resumption

The Chinese thin-film PV manufacturer's shares have been suspended since May 2015, while shortly after the suspension they sank 47% in a single morning's trading session, The unprecedented plunge - which followed a year of impressive gains on the Hong Kong market, amid questions over its dependence on sales of PV production equipment to its unlisted, Beijing-based parent - carved about $19 billion off its market capitalization. The regulator is now taking Hanergy Holding chairman, executive director and controlling shareholder Li Hejun - at one point, one of the wealthiest men in China - to court in an effort to disqualify him, along with four independent, non-executive company ...

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