一财网 罗琦 2015-05-20 12:21:00
May 19, 2015, 10:58 P.M. ET
UPDATE: Is Hanergy The Next Yingli Green Energy?
By Shuli Ren
Chinese thin-film solar manufacturer Hanergy Thin Film (566.Hong Kong) lost one-third of its market value this morning, for no apparent reason other than that it may have been overvalued for a long, long time.
I sifted through reputable local Chinese media and found nothing damning on Hanergy this morning (Please let me know if you see anything!). Users on China’s microblog Weibosuggested that perhaps Yingli Green Energy‘s (YGE) 45% slump in the last two days have raised alarm bells on Hanergy?
Submitted by kerry.nelson on May 19th 2015, 10:46pm
Benjamin Robertson Benjamin.firstname.lastname@example.org
CIB decision follows investigation into financial advisory firm’s sales practices by regulators
Financial advisory firm deVere Group Hong Kong has had its licence suspended as part of an investigation into its operations by regulators. The Confederation of Insurance Brokers (CIB), one of two self-regulated bodies that supervise local brokers, said yesterday it had suspended deVere’s membership until a disciplinary investigation had concluded. Continue reading
http://www.bloomberg.com/news/articles/2015-05-20/hanergy-thin-film-power-suspends-trading-after-stock-plunges-47-; http://www.scmp.com/print/business/companies/article/1804417/hanergy-shares-suspended-hong-kong-after-plunging-46-cent; http://www.wsj.com/articles/formerly-hot-hanergy-plunges-47-in-hong-kong-1432093944; http://www.forbes.com/sites/nathanvardi/2015/05/19/hanergy-shares-suspended-after-crashing-by-47/; http://www.ft.com/cms/s/0/c75565be-feac-11e4-94c8-00144feabdc0.html#axzz3aetFkKfE
Mystery Chinese Solar Maker Plunges, Losing Nearly $19 Billion in 24 Minutes
May 20, 2015
Hanergy Thin Film Power Group Ltd., the Chinese solar equipment maker controlled by Li Hejun, suspended trading in Hong Kong after the stock plummeted 47 percent in morning trading.
The stock fell to HK$3.91 before the suspension at 10:40 a.m., shaving HK$144.3 billion ($18.6 billion) off its market value, on the day of its annual general meeting in Hong Kong. Chairman Li didn’t attend the AGM, T.L. Chow, the company’s external spokesman, said by phone.
Before today’s decline, the stock had surged more than six-fold in the past year despite questions from analysts and investors about the company’s revenue sources. About 61 percent of Hanergy Thin Film’s sales derive from Beijing-based parent Hanergy Holding Group, the listed company said in March. Continue reading