Hanergy Thin Film Power Group Ltd. Chairman Li Hejun’s short position in the company’s shares increased, according to the first disclosure by him since a 47 percent one-day stock plunge in May.
The gain was to 3.52 billion shares on July 13, from a previous 3.22 billion, according to a filing to the Hong Kong stock exchange on Thursday.
The Securities & Futures Commission on Wednesday took the rare step of saying trading in Hanergy’s shares can’t resume without its approval. The markets watchdog is investigating the company, which hasn’t traded since it requested a halt on May 20, the day of the share plunge.
Although Hanergy is suspended, at least 4.9 billion shares have changed hands over the counter since May 20. Standard Chartered Bank (Hong Kong) Limited. sold more than 3 million shares, while JP Morgan Chase Bank, National, acquired 12.5 million shares, according to July 14 reporting by the Central Clearing and Settlement System,
Guggenheim Partners LLC confirmed earlier this month that it had found a buyer for its exchange traded funds’ holdings in Hanergy.
— With assistance by Feifei Shen