Why is Hanergy a world leader in thin-film solar technology?

It has also been the chief developer or involved in the development of more than 10 national and industry standards on solar energy. Through global technical integration and independent innovation, Hanergy has become a world leader in thin-film solar technology.

Will Hanergy buy out its frozen shares for HK$55 billion?

Hanergy Thin Film Power Group Ltd. is stirring the market again with a proposal to buy out its frozen shares for HK$55 billion ($7 billion). It’s not clear where the money for such a buyout would come from. Shares of the Chinese solar power equipment maker have been suspended in Hong Kong for more than three years.

Who is Hanergy solar?

Caixin was unable to reach Li for comment. Established in 1994 as a hydropower producer, Hanergy shifted its business focus to thin film solar modules in 2009 and quickly expanded its business to the entire industrial chain. Thin-film modules are light or flexible solar energy strips that can be mounted on roofs, walls or consumer goods.

What is a thin-film solar module?

Thin-film modules are light or flexible solar energy strips that can be mounted on roofs, walls or consumer goods. From 2012 to 2014, Hanergy’s revenue surged from HK$2.8 billion to HK$9.6 billion despite a slowdown in the global solar energy market.

What happened to Hanergy?

Before the plunge, Hanergy’s shares enjoyed a seemingly unstoppable surge, rising tenfold from 2013 to early 2015 and pushing its valuation above $40 billion. A subsequent investigation by the SFC led to a rare order blocking Hanergy from resuming trading without regulators’ approval.

Why did the Financial Times investigate Hanergy?

In an investigative series in 2015, the Financial Times probed Hanergy’s unusual stock movements and its heavy use of receivables from its parent company and primary customer to create the appearance of rising sales.