Trade in solar firm halted againBusiness | Jeannie Tang 11 Feb 2019
China Singyes Solar Technologies (750) has failed to repay outstanding interest on a loan and trading of its debt securities will be halted. The semi-annual interest payment for its convertible bond fell due on February 8, 2019, but it has not paid such interest to the account of the trustee.
The securities for which trading was halted were "US$260,000,000 7.95 percent senior notes due 2019" (5372) and "RMB930 million 5 percent USD settled convertible bonds due 2019" (5790).
Its stock was included in the list of "26 Stocks Not to Own," published by David Webb. It had resumed trading at the end of last month, and closed at HK$1 last Friday, slumping from HK$2.15 after a suspension of trading in October.
CSST is a Hong Kong-based investment company principally engaged in the provision of energy solutions.