Former Inix CEO jailed for 45 months
Thursday, 23 April 2015
PETALING JAYA: Inix Technologies Holdings Bhd’s former chief executive officer, Jimmy Tok Soon Guan, has been sentenced to 45 months in jail for providing false statements. The Securities Commission (SC) said in a statement yesterday that the sentence was imposed by the Court of Appeal.
Tok, 45, was charged in the Sessions Court in 2011 with one count of providing false information in the company’s prospectus under Section 55 of the Securities Commission Act (SCA) and four counts of submitting false statements to Bursa Malaysia in the company’s quarterly reports between October 2005 and July 2006 under Section 122B of the Securities Industry Act (SIA). Continue reading →
April 24, 2015, 12:04 A.M. ET
Hanergy: Where Did All That Money Go?!
By Shuli Ren
First Financial Daily, a well-respected financial newspaper in China, had a damninginvestigative report on Hanergy Solar‘s (566.Hong Kong) parent Hanergy Group today. According to First Financial, since 2009, Hanergy Group has raised billions from bank loans, trusts and peer-to-peer lending in the name of funding solar projects. But many projects are stalled.
Hanergy Group sounds like it was hanging with the right crowd. Last January, it said that it has raised at least 20 billion yuan from reputable financiers such as the Minsheng Bank and Minsheng-affiliated Asia Financial Cooperation Association, and back in 2011, it raised 30 billion yuan from China Development Bank. But First Financial was unable to obtain details on these mega financing deals. Rather, Hanergy Group has been funding from small, regional banks, as well as trusts. Continue reading →
第一财经日报 慕青 2015-04-24 06:56:00
2009年以来，凭借“四处开花“的太阳能项目，借助银行、信托、民间借贷等多种途径，汉能控股近年来从外界获得了巨额融资。不过，与汉能控股不断加码光伏项目投资的高调相比，访分布在全国各地的生产基地中，多数项目进展缓慢，有的项目投建计划无法按时实现，甚至停工等待，投产更是遥遥无期。 Continue reading →
第一财经日报 黎雨 时晓 2015-04-24 06:44:00
汉能背后，是中国新首富的崛起神话。李河君的版图扩张和财富增速令人咋舌。 Continue reading →
一财网 青水 2015-03-17 22:45:00
你可能不知道汉能薄膜发电这只港股，但你应该听说过最近冒出来了一位赶超马云王健林的中国新首富——李河君。而他背后的财富来源，正是这家过去默默无名的汉能。随着它的股价如火箭般直冲云霄，李河君的身家也已经成为一个传说。 Continue reading →