Details of the insider trading in Tianshan textile reorganization exposure
Source: Internet
Author: User
17th, the Urumqi Intermediate People's Court open trial of the original Xinjiang Kaidi Investment Limited liability company general Manager You Rongjiang and other 4 persons in Tianshan Textile (000813) during the reorganization of suspected insider trading, leaked inside information case. After a day of intense trial, the court announced the choice of a day to be sentenced. The company said the reorganization work is still in an orderly progress. Involved in insider trading numerous prosecution Urumqi People's Procuratorate said that July 21, 2009, 22nd, the defendant You Rongjiang in the Xinjiang Kaidi Investment Co., Ltd. during the general manager, the use of participation in the Tianshan textile restructuring of the role of convenience, will "Xinjiang Kaidi Investment Co., Ltd. Investment restructuring Tianshan Textile" The insider information leaked to the defendant Qingyue, and ordered the defendant Qingyue the two people jointly operated Xinjiang Han Yang Investment Co., Ltd. to buy the capital of Tianshan textile stocks. The defendant Qingyue Use this insider information, in the July 21, 2009, 22nd price sensitive period which the CSRC determines, respectively uses "Xinjiang Han Yang Investment Limited Company" to buy "Tianshan textile" stock 320000 shares, the transaction amount 2022576.16 yuan, borrows "Groudong" the name buys " Tianshan Textile "Stock 317000 shares, the transaction amount of 1947747 yuan, the use of" Qingyue "stock account to buy 488800 shares, the transaction amount of 3048918.39 yuan, three stock account total sold 1125800 shares, the transaction amount of 7019241.55 yuan. July 22, 2009, Qingyue also use the insider information, respectively, "Xinjiang Ronghui Mining Co., Ltd." account for the purchase of Tianshan textile stock 160000 shares, the transaction amount of 1039075 yuan, but also on behalf of "Shi" personal account to buy "Tianshan textile" stock 45903 shares, The transaction amount is 298677.5 yuan. The accused Qingyue also informed Sophia Lu, Liu Jinsong, Li Yu, three bought the Tianshan textile stock and profit. July 22, 2009, the defendant You Rongjiang the "Tianshan Textile Restructuring" of the insider information leaked to the Xinjiang Kaidi Investment Co., Ltd. Asset Management manager Cao Go, the accused Cao Go and the insider information leaked to the accused Chen Xiesong, and ordered Chen Xiesong to buy Tianshan textile stocks. July 22, the defendant Chen Xiesong use of their personal account with Cao Go to buy Tianshan textile stock 125400 shares, the transaction amount of 797714.9 yuan. On that day, Cao Go also on behalf of his sister-in-law "Chang Jung FA" personal account to buy Tianshan textile stock 87000 shares, the transaction amount of 5,505,299,800 yuan. The reorganization is still in order, and the prosecution believes that the accused You Rongjiang, Cao Go disregard the national law, as insider information insiders, in the information related to the price of securities has a significant impact on the disclosure, the deliberate disclosure of insider information to people outside the knowledge, and to instruct others to carry out insider trading, the amount is particularly large; the accused Qingyue, Chen Xiesong, Defendant unit Xinjiang Han Yang Investment Co., Ltd., Xinjiang Ronghui Mining and Mining Co., Ltd. illegally acquired insider information, the use of insider news intoStock trading, the amount of transactions is particularly large. The criminal liability of Qingyue, Chen Xiesong, defendant units Xinjiang Han Yang Investment Co., Ltd. and Xinjiang Ronghui Mining Co., Ltd. should be investigated for insider trading and disclosure of insider information. During the trial, the two sides debated the criminal behavior of the criminal suspect, and the way of calculating the profit of the crime. In addition, Xinjiang Kaidi Investment Limited Liability company to our correspondent said that the relevant criminal suspects suspected crime is a personal behavior. After this incident, the company said to strengthen internal management, serious rectification, fully cooperate with the regulatory authorities to investigate and punish criminal acts. In accordance with the direction of the competent authorities in Xinjiang Uygur Autonomous Region, unswervingly promote the restructuring of Tianshan Textile, timely supplement the relevant materials in accordance with the CSRC, at present, the reorganization of the work in an orderly progress.
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