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Hong Kong Regulator Orders Suspension of All Hanergy Trading

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Hong Kong’s stock watchdog took the rare step of saying trading in Hanergy Thin Film Power Group Ltd. shares can’t resume without its approval, raising the prospect they’ll remain suspended for the foreseeable future.

The Securities & Futures Commission’s suspension falls under a rule allowing it to call for a halt when it believes that misleading, false or incomplete information has been included in documents and statements. Regulators were already investigating Hong Kong-listed Hanergy, which hasn’t traded since it requested a halt on May 20 after its shares lost almost half their value in less than half an hour.