The company could not be immediately reached for comment.

Shares of the company — formerly known as Hanergy Solar — slid up to 5.1% to to HK$3.54 ($0.46) on Wednesday, after rallying for seven straight trading days to a record high on Tuesday. Its stock has soared more than 300% since early 2014, driving its market capitalisation to almost $15bn — a valuation that is approximately three times higher than that of US thin-film giant First Solar.

However,