ST Gan of the original recombinant illegal trading insider are heavily fined

A number of recombinant ST (now Guangdong Delixi Gan Gan Hua) people, due to the "silent" period was illegal trading stock regulators impose hefty fines. In front of a lot of irrefutable evidence, these people are pale ultimate excuse not been recognized. Regulators crackdown insider trading once again highlights.

According to the latest disclosure of the Commission, Chen Han during the period of reorganization Delixi ST and sweet, Wang Shunfu, Wang Shunlin, Chen Diqi, Yao Jincong, Wang Zhongming, etc. 7 state trading company stock, which constitute insider trading and other illegal acts.

It is verified that these 7 responsible personnel are direct or indirect knowledge of the reorganization. Among them, vice president Chen Han of Wenzhou branch of Bank of Hangzhou, to participate in the reorganization of the informed insider from the director Wu Delixi somewhere; chairman Wang Shunfu Department of Shanghai Fu Xiong Intelligent Technology Co., Ltd., informed insider from the vice president Wang Shunlin Delixi to participate in the reorganization of the Department; the remainder is "Delixi system", Chen Diqi and Yao Jincong were Dexin Wilmar partner, Wang Zhongming Dickson Wilmar investment manager, Dexin investment statement is Wilmar assistant and Delixi limited partner Wilmar the dexin.

Things originated in the end of 2010. According to the disclosure of the Commission, West Germany and Jiangmen municipal government first approached in October 13, 2010, but the two sides did not reach a consensus; in November 17th, the restructuring of both (i.e., West Germany and Jiangmen municipal government, Jiangmen SASAC) second approached to discuss the reorganization, the Jiangmen SASAC implied tendency to cooperate with West Germany; third. In January 12, 2011, the parties after the closing of the afternoon of January 13th, the Jiangmen municipal SASAC notice ST and sweet, drew the Shenzhen Stock Exchange temporarily suspended for 5 days; in January 14th, ST and sweet released on major issues suspension announcement; in February 15th, the company issued preliminary plans set by the announcement, the company shares resume trading on the same day.

The recombinant ST is a sweet delixi. ST Gan of the actual controller to change the Delixi, not only immediately launched heavy set by the program, then embrace Delixi LED epitaxial wafer project has a total investment of 3 billion 800 million yuan agreement, the amount exceeded its earliest promises. At the same time, ST and sweet of the price increase is amazing, just 1 months to achieve double quotes. Data show that the company's share price since the resumption of trading in February 15, 2011, starting from more than 7 yuan to start, after the continuous limit of 8 consecutive continued to rise, up to $14.49 in March 2011.

The insider is in the sensitive time before the illegal trading of shares. With a large amount of money involved in Wang Shunfu, for example, Wang Shunlin was involved in ST Gan reorganization in November 17, 2010, and Wang Shunfu had a number of communication links, including two people in December 28, 2010 had communication, and on the same day for Chongqing. On the next day, Wang Shunfu's "Wang Shunfu" and other four accounts began buying ST and sweet.

Therefore, the Commission finds that Wang Shunfu and Wang Shunlin communication and transaction time and travel time are highly correlated, Wang Shunfu four accounts in the period from December 29, 2010 to January 13, 2011 the sale of "ST Gan" in violation of the provisions of the "Securities Law" article seventy-sixth, insider trading, profit 5 million 852 thousand and 800 yuan.

Although many parties argue that "ST Gan" for their own analysis, no sale of insider trading characteristics, but many in the face of irrefutable evidence, Chen Han's "defense" have been dismissed.

Based on the above illegal facts, the Commission gives a heavy penalty. According to the disclosure, confiscate the illegal income 572 thousand and 500 yuan Chen Han fined the same amount; Wang Shunlin fined 100 thousand yuan; Wang Shunfu to confiscate the illegal income 5 million 852 thousand and 800 yuan, and impose a fine of 1 million 774 thousand and 200 yuan; Chen was confiscated illegal income 682 thousand and 700 yuan, fined the same amount; Yao Jincong confiscated illegal income 52745 yuan, in addition to the same amount fine; for Wang Zhongming and the statement were fined 30 thousand yuan and 50 thousand yuan fine.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).