Deep in Tianshan Textile insider trading Kaidi investment two executives arrested

A cloud around the Tianshan Textile insider trading doubts finally put into effect. September 17 afternoon, the relevant department of the Securities and Futures Commission confirmed that the Tianshan textile in July 2009, the planning of major asset reorganization, the reorganization of the Xinjiang Kaidi Investment Co., Ltd. (hereinafter referred to as "Kaidi investment") General manager You Rongjiang and company deputy general manager Cao Go and other people suspected insider trading, leaked insider information crime,　　The case has been transferred to the public security organs. All this comes from a detailed report on the change of interest in Tianshan Textile, June 21 this year, which disclosed that there were 9 directors, supervisors, executives and immediate family members of the trading company in the 6 months prior to the suspension of the restructuring last July 23.　　Including Kaidi investment deputy general manager Cao Go's mother Conglihua and others.　　And when it was suspended for nearly a year Tianshan textile in the June 18, said the company to repeat the licensing of 5.66 yuan per share of the price to the Kaidi mining, Qinghai Snow private issue 120 million shares, buy Kaidi investment and so on hold the West Billiton Mining Co., Ltd. 75% of the equity. Inspired by this news, Tianshan textile in just 14 trading days rose 103.18%.　　However, after the rally announced the theft of senior executives to buy shares caused the market suspicion, and the CSRC has long been in the February this year to look at the Tianshan textile, to investigate the case. Securities Regulatory Commission officials told reporters that the July 23, 2009 Tianshan Textile Planning and Kaidi investment restructuring before the suspension, You Rongjiang will be the reorganization of information leaked to the king, the latter through its control of a number of securities account to buy Tianshan textile stock more than 1 million shares.　　At the same time, Cao Go will be the reorganization of information leaked to Chen, the latter use himself and his relatives to buy Tianshan textile. This newspaper has previously disclosed that Cao Go used to deal with the account is with the Xinjiang Hops Co., Ltd. (hereinafter referred to as "hops") work with the intersection of the Chen Xiesong.　　and You Rongjiang used to operate the account is its university classmate Qingyue, Qingyue held in Xinjiang Han Yang investment is also suspected You Rongjiang actual control. However, the relevant departments in charge of the SFC did not confirm the results of the report of Wang and Chen MoU Qingyue and Chen Xiesong Two people, it said the case is currently in the judicial process, inconvenient to disclose too much detail. The latest news shows that You Rongjiang, Cao Go, Wang and other people have been approved by the Public Prosecutor's office to arrest.