Hanergy seeks to reassure on sales, finances

Hanergy Thin Film Power Group Ltd, the Chinese solar-equipment manufacturer whose market value surged to $19 billion within a two-month period, downplayed a report in the UK's Financial Times newspaper that questioned how it reports sales.

The company controlled by billionaire Li Hejun said its Beijing-based parent has already repaid the majority of the HK$13.9 billion ($1.79 billion) it owes for building solar production plants and that the rest will come when projects are finished.

The company is also seeking to diversify revenue beyond parent Hanergy Holding Group Ltd, the Hong Kong-listed unit said.