Hanergy Thin Film Power, the solar equipment maker being investigated by Hong Kong’s stock market regulator, is facing legal action for allegedly failing to pay rent on its high-rise office in the heart of the city.
The dispute comes seven months after trading in shares of HTF was suspended, and suggests cash flow has suffered at mainland parent Hanergy Group, which had billed itself as one of China’s leading renewable energy firms.
A writ filed this month with the high court in the former British colony alleged the embattled group had “wrongfully and without reasons failed to and/or refused to pay” HK$1.7m (US$219,000) in monthly rent, management charges and other fees since the start of November.
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