Hanergy Chairman Laments `Huge' Financial Loss From Trading Halt
- Li blames short sellers for sharp decline in H.K. shares
- Reasons for probe by market regulators called `unconvincing'
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Hanergy Holding Group Ltd.’s Chairman Li Hejun said he has suffered a “huge” financial loss from the plunge and trading halt in the shares of the group’s Hong Kong-listed subsidiary.
The suspension has been a disaster to Hanergy Thin Film Power Group Ltd., the holding company, small investors and himself, Li said in the text of a speech released by the company on Tuesday to mark the 21st anniversary of the group’s founding.