Stock Connect pulls plug on Hanergy

Chinese solar equipment maker becomes the first listed firm to have its shares removed from the Shanghai-Hong Kong scheme due to a regulatory probe.

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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