Executives involved in violation of 100 thousand shares were punished by the Shanghai Stock Exchange

According to the latest disclosure of the Shanghai Stock Exchange website, due to the existence of window trading and short-term trading irregularities, Chen Zhigang, director of the sun's light by the Shanghai Stock Exchange criticized disciplinary action.

It was found that, in September 29, 2014, Chen Zhigang, chairman of the board of directors of the sun lighting sell 100 thousand shares of the company, the average transaction price of 10.65 yuan / share, turnover of $1 million 65 thousand. The company in 2014 three quarterly disclosure time for the year in October 28th, the aforementioned selling point in the period before the disclosure of the periodic report, belonging to the window trading.

Since then, Chen Zhigang, respectively, on November 6, 2014, on November 7th, in total to buy 118 thousand shares of sun light stock, the average transaction price of $9.33 / share, the total amount of 1 million 33 thousand and 300 yuan to buy $. This constitutes a short-term transaction with the above selling operations.

Chen Zhigang disclosed in periodic reports before the ban on trading during the sale of shares of listed companies, and the purchase and sale of shares constitute a short-term trading, in violation of the relevant provisions of the securities law, also in violation of the stock listing rules, the board of supervisors to make the declaration and undertaking the commitments. Therefore, the Shanghai Stock Exchange decided to be criticized by Chen Zhigang sanctions decision, and credited to the integrity of listed companies file.

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