Hanergy parent bids to end saga with take-private offer

With share trading suspended since 2015, the solar equipment maker now wants to buy out its Hong Kong-listed unit. It is unclear whether the offer can go through.
Hanergy has ambitious plans to build solar-powered cars
Hanergy has ambitious plans to build solar-powered cars

It's been a long time coming -- more than three years -- but an end could be in sight for Hanergy Thin Film Power Group's paralysed shareholders, even if it is not quite the solution that the Hong Kong regulator may have had in mind.

With trading in the shares suspended since 2015, parent Hanergy Holding Group is now looking to break the deadlock with a HK$21 billion $26.7 billion take-private offer. 

The Chinese solar equipment maker, which announced the proposal on Tuesday through the website of its subsidiary Hanergy Mobile Energy, said it will offer HK$5 per share of Hanergy...

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