Deals
Hanergy Scraps Talks to Sell $585 Million in Solar Kit to Parent
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Hanergy Thin Film Power Group Ltd., the Chinese solar company whose shares plunged 47 percent before trading was suspended last month, said it halted talks to sell $585 million of equipment and services to its parent company.
In a brief statement to the Hong Kong stock exchange, Hanergy said the decision will have “no material adverse impact” on its business. Trading of the company’s shares has been halted pending an announcement since May 20.