Hanergy cites snag to asset shift

Hanergy Solar Group, the listed unit of Hanergy Holding Group, says it would be impractical for the parent company to inject its solar panel production operation into the listed unit any time soon.

Doing so would result in a reverse-takeover deal, which would be considered by Hong Kong's stock exchange to be a new listing and be subject to more extensive and prolonged regulatory vetting, said Hanergy Solar chief financial officer Ronnie Hui Ka-wah.

via Business feed http://www.scmp.com/business/companies/article/1258101/hanergy-cites-snag-asset-shift