Hanergy Under Investigation For Market Manipulation, Says Reuters
Chinese billionaire and Hanergy Thin Film Power Group founder Li Hejun has not had a very good week. His net worth plummeted alongside Hanergy stock, which was down 47% in just 24 minutes wiping out USD 18.6 billion from the company’s market cap; he was a no show at his own shareholder meeting; and Reuters reports that Hong Kong’s Securities and Futures Commission (the equivalent of the SEC) is investigating Hanergy for stock . . .
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