Scam-hit Hanergy Thin Film appoints CICC to find strategic investor

Photo: Pixabay

Scandal-hit Hanergy Thin Film (HTF) has appointed China International Capital Corp (CICC) to find a strategic investor, a move it hopes will shore up its finances and help its shares resume trading, two sources with knowledge of the matter said.

HTF is under investigation by the Securities and Futures Commission (SFC) after its shares crashed suddenly in May, a case that has raised concerns about possible widespread market manipulation in Hong Kong, denting the appeal of the Asian city as a major financial centre.

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