Chinese thin-film manufacturer Hanergy has recommenced share trading and issued 500 million new shares to an unnamed investor.
The company, listed on the Hong Kong stock exchange, suspended its shares at the end of December following unusual trading and price patterns.
Along with the resumption of normal trading at the end of last week, Hanergy said it was releasing 500 million new shares worth HK$410,000,000 (US$52 million) to an investor.
The new shares represent an additional 1.75% on top of shares issued by the company last year.
The investment will support Hanergy’s recent bids to expand into new markets and move downstream into thin-film project development.
Last week the company secured a US$3.3 billion credit line from banks to support its drive into project development both in China and abroad.