China's Hanergy Thin Film founder to sell 6% stake; troubled solar tech firm valued at just $1.2b

China's Hanergy Thin Film founder to sell 6% stake; troubled solar tech firm valued at just $1.2b

Photo: Pixabay

The founder of Hanergy Thin Film Power Group Ltd, once China’s wealthiest man on paper, plans to sell a 6 percent holding at a fraction of the shares’ last traded price in May, valuing the embattled solar technology firm at just $1.2 billion.

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