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A 24-Minute, $19 Billion Wipeout Threatens a Chinese Company’s Solar Dream

By Tony Seruga

A disastrous day

Hanergy's Plant Chinese workers manufacture solar panels at the plant of Zhejiang Changxing Hanergy Solar PV Co., Ltd. in Huzhou city, east China’s Zhejiang province. Source: Imaginechina

Where’s Li Hejun?

That’s the question many were asking when the founder, chairman and principal owner of Hanergy Thin Film Power Group Ltd. failed to show up at his company’s annual meeting Wednesday — the same day the company’s stock price tanked 47 percent, wiping out $19 billion in market value in 24 minutes…

A 24-Minute, $19 Billion Wipeout Threatens a Chinese Company’s Solar Dream

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