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Analysts said it was because the company's non-public offering of shares plan, the pricing of the new shares and investors' shareholdings might have contradicted February's newly-revised regulations, according to reports by China Securities Journal and caixin.com.

And UK-based wind turbine platform and foundation designer Atkins is building infrastructure for the 300-megawatt Binhai South offshore wind farm in the same region. Building turbine foundations in the ocean off China's East Coast is a highly technical endeavor because the seabed is made up of soft, silty materials.

Analysts suggested that Chinese financial regulators would do well to consider various available options for trading bonds in default and then finalize a suitable trading system.

Analysts said the development is a sign that the nation's securities regulator is committed to tight supervision of underperforming listed companies and to strict implementation of delisting rules.