Hong Kong Probes Hanergy for Market Manipulation, Reuters Says
This article is for subscribers only.
Hanergy Thin Film Power Group Ltd., the Chinese solar equipment maker that plunged 47 percent on Wednesday, is being investigated by Hong Kong’s securities regulator for market manipulation, Reuters reported, citing an unidentified person it said was familiar with the situation.
Ernest Kong, a spokesman for Hong Kong’s Securities and Futures Commission, declined to comment. Hanergy officials weren’t available to comment after office hours, according to a phone operator at the company’s headquarters in Beijing.