Xinguang polysilicon project "group" of insider trading - solar energy - solar power industry
Xinguang polysilicon project "group" of insider trading - solar energy - solar power industry
Concerned departments of the Commission on the German stock letter Phi illegal cotton case, Lv Daobin insider trading case and others, Shen Chang-yu failing to report the disclosure and unauthorized stock trading case, Lok Yau Kim posing SFC four securities fraud and other investors in the case law violation cases were notified.
In the case of re-use of insider information, the most common source of both is the transaction was announced on the eve of a quietly Jiancang, then sell profit. May 2008, China Securities Regulatory Commission announced on Deng Jun, Qu Li suspected insider trading investigation results. In the April 22, 2007, Jubilee Industrial Co., Ltd. (now renamed the medium-term Investment Co., Ltd. China) and China Investment Co. to acquire the latter medium-term holders of medium-term Futures Brokerage Co., Ltd. of Liaoning and the replenishment of the stake reached a preliminary intention , Liaoning, Deng Jun, Chairman and interim vice president of news and music Liti informed before buying shares through a personal account and later sold were 150,000 yuan and 75,000 yuan profit. Commission finds that the violation of the "Securities Act" 73rd insider trading prohibition in Article provides for punishment of the persons, confiscation of illegal insider trading proceeds, and impose a fine of double the illegal proceeds.
Lv Daobin insider trading case and others
Xinguang is a manufacturer of polycrystalline silicon, monocrystalline silicon and other products of the company, its shareholders, including Sichuan Investment Group, Tianwei change security, Sichuan Venus, Kerry can best Power Group, Leshan Electric Power (controlling shareholder of Sichuan Electric Power Company ) and so on. November 2007 Xinguang hold a shareholder meeting to consider the adoption of two new in Leshan and Xinjin produce 3,000 tons of polysilicon project investment over the motion, Leshan Electric Power, Tianwei change security in the two projects were funded and a large proportion of shares .
Is both involving two listed companies, share price movements of listed companies have a significant impact of polysilicon project to inside information of several attempting to profit through illegal who pull dismounted.
Polysilicon course of the project, when he was Deputy Chief Economist and Sichuan Electric Power Company, Chairman of the Lv Daobin Minjiangshuidian informed news, in September 2007 to August 2008 between the repeated use of himself, his spouse and daughter of a securities account Leshan Electric Power stock trading.
And, since the polysilicon projects above Inside Information, Sichuan Investment Group, served as deputy general manager Liu Yang, manager of Xuedong Bing when he was planned, when vice president of Industry counterpart management industry Duan Shin silicon steel, and when he was Shin Dong Office of Secretary of the silicon industry, ZHANG Yu-ting, who were in the trading of insider information, Leshan Electric Power and Tianwei change security stocks, profitability 6612.63 yuan respectively, 25715.46 yuan, 1165.53 yuan, 2442.45 yuan.
This regard, the Commission finds that Lv Daobin and others in violation of the "Securities Act" insider information on the use of the relevant provisions of the illicit trade of the people involved to confiscate the illegal income and impose a fine of 30,000 yuan of administrative penalties.
Concerned departments of the Commission, said insider trading in recent years are "group" to happen more and more involved, which in one way reflects the current lack of some of the concept of management integrity, internal control flow in form. "Listed companies and their insider knowledge of staff should adhere to inside information 'three noes' principle, which is not related to securities trading, not to disclose the relevant inside information, do not recommend trading the underlying securities of others, consciously safeguard market order and the interests of investors."
Chong Hing home "false recombinant cash"
2009 5 months, the China Securities Regulatory Commission announced Chong Hing home on the findings of insider trading. The administrative investigation found that Chong Hing home first and second major shareholder of the controlling shareholder?? Shanghai Zu Longjing View Development Co., Ltd., the company in June 2007 to discuss matters of private placement, by means of a large number of transactions the company associated with Chong Hing Chi Stock, in connection constitute a criminal insider trading unit. During this period, the actual control of home ownership Chong Hing Chen Rong-sheng and his wife's account are also involved in stock trading Chong Hing home.
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Xinguang polysilicon project "group" of insider trading - solar energy - solar power industry Anaheim