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The parent company of Hong Kong-listed Hanergy Thin Film, the renewable energy firm controlled by billionaire Li Hejun whose shares plunged by 47% before being suspended yesterday, said in a statement this evening its group operations “are normal in all respects and we maintain a good financial position with no overdue loans.”
That assertion by Hanergy Holding Group differs from a report by Caixin magazine's website today that said the parent company had used its shares to take out loans but has been unable to repay some of them.
Click here for a link to Hanergy Group’s statement posted this evening. Click here for Caixin's report.
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