Hanergy Thin Film Power Group HTF, the Chinese solar equipment manufacturer suspended from trading amid a probe by Hong Kong securities regulators, on Monday became the first stock to be removed from the Shanghai-Hong Kong Stock Connect scheme due to the investigation.
“From Monday, the HTF stock will be removed from the stock connect scheme. Investors will no longer be able to purchase Hanergy shares under the scheme, but will be able to sell shareholdings in the company if HTF resumes trading,” according to a statement by the Shanghai Stock Exchange on Friday.
Market insiders said the removal of Hanergy from the mutual...
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