http://www.yicai.com/news/2015/05/4620565.html

汉能股价“腰斩”背后：无力偿贷遭斩仓

第一财经日报 秦伟 罗琦 2015-05-21 06:00:00

5月20日10时，汉能一众管理层在行政总裁代明芳的带领下，在香港九龙香格里拉酒店召开股东大会。10时15分至10时39分，仅仅24分钟内，汉能的股价出现跳崖式下跌，急挫逾40%，加上10时15分前的跌幅，暴跌47%。

汉能薄膜发电(00566.HK)(下称“汉能”)董事会主席李河君曾说，看不懂汉能的人都会输得很惨。谁料，昨日的汉能几近“腰斩”，真的很惨。5月20日10时，汉能一众管理层在行政总裁代明芳的带领下，在香港九龙香格里拉酒店召开股东大会。10时15分至10时39分，仅仅24分钟内，汉能的股价出现跳崖式下跌，急挫逾40%，加上10时15分前的跌幅，暴跌47%。汉能在10时46分发布短暂停牌公告，股票及相关结构性产品自10时40分起已暂停交易。股价报3.91港元/股，共成交1.75亿股，成交金额10.51亿港元。短短70分钟，汉能的市值蒸发了1443.31亿港元。根据香港交易所(00388.HK)资料，截至5月11日，李河君共持有汉能80.89%的股份，这也意味着，李河君身家瞬间缩水1167.50亿港元，折合人民币约934.23亿元。

究竟什么原因导致汉能股价“腰斩”?李河君为什么没有出席股东大会?代明芳中途离座接听的电话说了什么?无论是会议现场还是在网络上，汉能被“腰斩”的话题炸开了锅。了解当天部分交易情况的消息人士对《第一财经日报》记者透露，汉能股价暴跌，“是因无力偿还股票抵押贷款，遭到借款方强制抛售抵押品而引起连锁反应。” Continue reading →

http://uk.reuters.com/article/2015/05/20/uk-hanergy-tfp-stocks-idUKKBN0O51EF20150520

http://www.reuters.com/article/2015/05/20/hanergy-idUSL3N0YB3FR20150520

Wed May 20, 2015 1:46pm BST

Hanergy under investigation after shares plunge nearly 50 percent – source

HONG KONG | BY SAIKAT CHATTERJEE AND CLARE JIM

China’s Hanergy Thin Film Power Group (0566.HK) is under investigation by Hong Kong’s market watchdog, a source told Reuters just hours after the company lost half its market value of nearly $40 billion in 24 minutes on Wednesday. Continue reading →

http://www.yicai.com/news/2015/05/4620249.html

汉能急挫近50% CEO股东会接紧急电话

一财网 罗琦 2015-05-20 12:21:00

“妖股”汉能今日早盘突现大幅“跳水”，短短半小时时间内，市值缩水近1500亿港元。

港股汉能薄膜发电大跌46.95%停牌

被香港资本市场称为“妖股”的汉能薄膜发电(00566.HK)5月20日上午开盘后，股价突然出现大幅跳水，10点40分，汉能宣布停牌，而停牌前收报3.91港元，短短半小时大跌47%，市值缩水至1631亿港元。 Continue reading →

http://blogs.barrons.com/asiastocks/2015/05/19/is-hanergy-the-next-yingli-green-energy/?mod=BOL_hp_blog_astw

http://ftalphaville.ft.com/2015/05/20/2129973/he-had-something-to-do/

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?

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

byBilly Chan

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 →

http://www.moneylife.in/article/stock-manipulation-galada-power-telecommunication/41657.html

Stock manipulation: Galada Power & Telecommunication

14 May 2015

Moneylife

In less than a year, the stock price of Galada Power & Telecommunication shot up by 813%. Astonishing for a company which has been declared sick

Galada Power & Telecommunication (GPT) manufactures electrical conductors and related products. In 2001, Galada’s bankers initiated legal proceedings for recovery of debts. GPT had defaulted in the payment of dues to its lenders and was declared a sick company by the Board for Industrial & Financial Reconstruction (BIFR) in September 2007. The order for winding up the company was stayed by the Andhra Pradesh High Court. Over the past year, a couple of lenders agreed to a one-time settlement of dues. GPT has generated revenue of just about Rs2 crore-Rs3 crore in each of the past five quarters with a net loss in a couple of quarters. Yet, the stock price shot up by 813%, to a high of Rs30.85 as on 27 February 2015 from Rs3.38 as on 26 March 2014, i.e., an investment of Rs1 lakh would have grown to Rs9 lakh in less than a year. From the peak, the price has fallen by nearly 25% to Rs23 on 5 May 2015. Despite the steep fall, it is still nearly 580% up compared to a year ago. The regulators, as usual, do not find this suspicious.

http://seekingalpha.com/article/3189726-vipshop-gross-vs-net?source=email_global_markets_chi_0_3&ifp=0

Paul Gillis

Professor, long/short equity, foreign companies

Vipshop – Gross Vs. Net

May. 17, 2015 5:33 AM ET  |  About: Vipshop Holdings (VIPS)

Two research reports came out recently against Vipshop Holdings (NYSE:VIPS), a Chinese e-commerce company listed on NASDAQ. One report, from Beijing based J Capital, apparently focuses on differences between US regulatory filings and Chinese statutory filings. The J Capital report has not been made public, and my observations are based on the press reports. The company has pushed back on this report saying J Capital read the wrong statutory filings. I don’t put much faith in these types of analyses, since there are many reasons why those filings might be different that don’t point to fraud in the US filings.

The other report, from heretofore unknown research firm Mithra Forensic Research (Mithra). Mithra has taken the more traditional short selling research methodology so effectively used by the likes of Muddy Waters that involves throwing the kitchen sink at the company. At the heart of Mithra’s allegations is that VIPS is improperly recording revenue. Continue reading →

http://blogs.wsj.com/cfo/2015/05/15/hertz-accounting-fix-keeps-cfo-in-financial-no-mans-land/

May 15, 2015

Hertz Accounting Fix Keeps CFO in Financial No-Man’s Land

MAXWELL MURPHY

Billionaire activist investor Carl Icahn in 2014. Mr. Icahn controlss three board seets and owns 11% of Hertz, which still hasn’t finalized a financial restatement it disclosed over a year ago. Thomas Kennedy’s move from hotels to rental cars in December 2013 came with an unexpected twist. Continue reading →