Chaori Solar Says Bonds May Be Delisted as Baoding Slumps

Shanghai Chaori Solar Energy Science & Technology Co., the first company to default in China’s onshore bond market, said its notes may be delisted as a second solar-equipment maker had its securities halted.

Chaori Solar said in a filing to the Shenzhen stock exchange yesterday it’s heading toward its third consecutive year of net losses. It plans to announce its final 2013 earnings on April 28. Baoding Tianwei Baobian Electric Co.’s stock tumbled in trade today while its notes remain suspended after it said on March 10 it expects to report losses for a second year.