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Hong Kong Securities and Futures Commission

Hanergy Thin Film shareholders must accept privatization share swap or be left with dead stock

It turns out the cash element of the HK$54.9 billion ‘cash and stock replacement’ plan to privatize Hanergy’s Hong Kong listed thin film division amounts to around HK$0. Thin Film shareholders face a Hobson’s Choice between a convoluted scheme laced with uncertainties or writing off their stock.


Hanergy Thin Film to return to China listing ahead of results of inquiry

The Hong Kong-based thin film manufacturer’s parent company may not be able to deliver mammoth panel orders on time, but looks set to arrange a HK$5/share deal to take the troublesome unit back in house and list it on the A-share index, in a move which will come as a relief to shareholders stuck with its stock since May 2015.

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