BEIJING (AP) - The chairman of a troubled Chinese solar panel manufacturer has denied wrongdoing and blamed a plunge in its share price on short-selling by hedge funds.

BEIJING (AP) The chairman of a troubled Chinese solar panel manufacturer has denied wrongdoing and blamed a plunge in its share price on short-selling by hedge funds.

In comments released Tuesday, chairman Li Hejun said Hanergy Thin Film Power Group Ltd. is cooperating with Hong Kong regulators and urged them to complete an investigation of the company as soon as possible.

Trading in Hong Kong of Hanergy shares was suspended May 20 after their price plunged by nearly half, wiping out $19 billion of market value.

Li denied suggestions Hanergy engaged in improper dealings with its Chinese parent company.

He blamed the price fall on "malicious short-selling" or betting by traders that a share's price will fall by hedge funds he did not identify.