Hanergy Thin Film Power Group has been officially removed from the Hong Kong-Shanghai Stock Connect program, driving another nail in the coffin of the Hong Kong-listed solar equipment manufacturer, Caixin reported. Investors will no longer be able to buy shares in the company under the scheme, but can sell–provided trading of its now-suspended shares ever resumes. The firm had benefited from the linkup, but had its stock frozen after prices fell almost 47% in the first 70 minutes of trading on May 20. The Hong Kong Securities and Futures Commission announced an inquiry into Hanergy’s activities shortly thereafter.
China Economic Review