Li Hejun, the Chinese solar energy entrepreneur, blamed short sellers for the “disaster” that has befallen his Hanergy Group in a rare speech months after shares in the Hong Kong-listed subsidiary plunged and were suspended.
The steep rise and sharp decline in the shares of Hanergy Thin Film have come to symbolise the overheated Chinese stock market. Mr Li was on paper briefly the richest man in China.
“The suspension has been a disaster, for the listed companies, the parent group, for small and medium investors as well as for myself,” he told employees in a speech released on Tuesday.
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