In a rare move Hong Kong's Securities and Futures Commission has ordered the Hong Kong Stock Exchange to halt all trading of Hanergy Thin Film Power Group.
HTF shares haven't traded since May 20, when they lost 47 per cent in less than half an hour, wiping nearly $19bn off its market value. The company requested they be halted and they haven't changed hands since.
Today, the SFC ordered they stay suspended. This means that even if HTF wants to resume trading, the HKEx cannot grant it permission without SFC's approval.
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