Foshan Lighting insider Trading Details exposure

September 16, the suspension of nearly one months of Foshan lighting (000541.SZ) duplicate trading limit.　　On the same day, Foshan Lighting issued a notice confirmed that the company's major counterparties in the notice sensitive period of stock transactions, but the company "is not sure whether there is insider trading." Since August, Foshan Lighting has been frequently investigated by the regulatory authorities.　　August 13, the company chairman Zhangjianyi and other senior executives received the China Securities Regulatory Commission Guangdong Securities Bureau issued the investigation notice, because of "suspected violations of securities laws and regulations" was filed for investigation.　　August 24, the Shenzhen Stock Exchange on the company suspected of leaking information to Foshan lighting issued a concern letter; September 1, Zhuang Resolute application to resign as chairman of the post; September 3, the company sent a renewed note of concern requesting further verification of suspected insider trading; "Financial national Weekly" from the Shenzhen stock, the market began to hype the concept of lithium batteries in July, Shenzhen has been closely monitoring the various concepts of speculation. "Foshan Lighting is also a concept of lithium batteries, probably one of the most closely watched stocks in the regulatory layer."　　An unnamed brokerage researcher told reporters.　　As the Guangzhou Securities and Regulatory Bureau declined to disclose the details of the investigation being filed, it is not yet possible to ascertain the specific reasons for the investigation of the Zhuang fortitude and Jiang Jianping.　　Shanghai lawyer Song Yixin that it is likely that Foshan lighting information disclosure, causing the concern of the regulatory layer, and then detect suspected insider trading problems.　　Investment frequent leaks August 20, Foshan Lighting received the Shenzhen Stock Exchange company issued the first concern letter, said "the company announced on August 18, the Board of Directors resolution bulletin in part, and August 13 began circulating on the internet about the company ' will announce investment 100 million yuan to do lithium battery project," The hearsay part of the content is consistent. The letter of concern requires the company to verify the existence of violations of the principle of fair disclosure, the existence of suspected insider trading or disclosure of information.　　August 24, Foshan lighting according to the letter of concern to start the suspension of inspection.　　SSE letter refers to the announcement, refers to Foshan lighting on the launch of the establishment of Qinghai Buddha-Zhao Lithium cathode material Co.　　Foshan Lighting Bulletin shows that the project company by Foshan Lighting and Hefei lithium Energy materials company, Qinghai Power New energy materials company, Lithium Energy holding company, Jiangsu Port Traffic Engineering company co-sponsored the establishment of the registered capital of 50 million yuan, of which Foshan lighting to cash capital of 25.5 million yuan.　　The project company initially designed production scale of 2000 tons/year, the estimated investment of 100 million yuan, up to the postpartum and according to market demand to expand production capacity. The amount of investment disclosed in this announcement is in line with the investment content circulated on August 13.　　SSE on the basis of Foshan lighting may be suspected of leaking information to the company issued a concern letter.　　According to a number of research reports from brokers, Foshan Lighting's most noteworthy performance is that it is building a complete new energy industry chain, the lithium carbonate material-cathode material-lithium battery-electric vehicle assembly of new energy vehicles. FoshanLighting August 18 Announcement of the Board of Directors, disclosed in the company to create more than a number of industrial chain specific investment plans.　　At this time, the "lithium battery" concept shares by the market, Foshan lighting A shares began to increase in volume from 18th, three consecutive trading days closing price deviation value accumulated up to 20%, touched by the target set by the Shenzhen stock.　　Critical information delayed disclosure It is noteworthy that in the three days of continuous rise in the Foshan lighting a-share, the media reported another major investment in advance.　　August 17, Foshan Lighting Board of Directors to consider the passage of the bill, authorized management team and Taiwan must Xiang Industrial Co., Ltd. (hereinafter referred to as "must detailed industry") to discuss cooperation matters, but the evening notice did not disclose specific cooperation details. Until August 20, Foshan lighting only issued a notice, "the two sides will jointly invest in the establishment of lithium iron phosphate anode materials production enterprises, the first design production scale of 2000 tons/year, the final production scale of 10,000 tons/year, the total investment is expected to be about 100 million yuan." "In addition, the cooperation between the two sides also includes joint investment in the establishment of lithium power battery manufacturing enterprises, the first design production scale of 100 million hours/year, the final production scale of 30,000 hours/year, the total investment is expected to be about 250 million yuan; another investment for the establishment of a pure electric vehicle production base in Foshan, plans to complete the production of 20 vehicles for demonstration lines in the year,　　2011 years to achieve 300 units/year capacity, 2012 years to achieve 2000/year capacity. This is undoubtedly another important positive news.　　After the announcement, Foshan lighting A-share trading for two consecutive days.　　However, before the official announcement of Foshan lighting, this important good news has already been published in the newspapers. According to the reporter understands, August 16, Guangdong province Governor Huahua led nearly thousand people's Guangdong Province economic and Trade cultural exchange Group to go to Taiwan, carries on one week "Taiwan Guangdong Week" activity, Foshan lighting is also one of the regiment enterprises.　　The event was followed by several media outlets across the Taiwan Strait. August 18, held in Taiwan, Foshan, Taiwan Economic and Trade Conference, Foshan lighting representatives and must be detailed industry signed a letter of intent.　　On the same day and the next day, both sides of the media to the two sides of the cooperation agreement have done a complete report, are earlier than Foshan lighting announcement time. "The contract was signed on 18th, why wait until number 20th is announced? This is also an obvious issue of disclosure. "Song Yixin said.　　In addition, the reporter also noted that Foshan lighting on 20th also issued two correction notices, respectively, the board of Directors in the notice of the meeting location error, and the Board of Supervisors meeting time error.　　"Insider trading" details exposure September 15, after SSE verification and company Self-Examination, Foshan Lighting announced the verification results, confirmed that the counterparty and their immediate family in the bulletin sensitive period of the stock exchange. The first person to check out the transaction in the sensitive period of Fangqing, Foshan Lighting announced that the identity of the Chinese Qing-li-Xin Energy Materials Co., Ltd. HEFEI. Reporter from other channels to find, Fangqing also served as Hefei State Xuan Gao Ke Power Energy Co., Ltd. (hereinafter called Hefei State Xuan Gao) general managerPosition. Foshan Lighting on July 15 announced two investments, respectively, "about Qinghai Buddha Zhao Li Energy Development Co., Ltd. Foreign investment intention of the announcement" and "on the formal acquisition of Hefei State Xuan Marketing Planning Co., Ltd. Hefei held by the national Xuan Gao Ke Power Energy Co., Ltd. 20% equity investment announcements."　　The reporter consulted the domestic securities dealers for the two projects published research reports, are interpreted as good news, gave a buy rating.　　As the general manager of Hefei State Xuan Gao Branch, Fangqing in July 12 and July 13 sensitive period to buy Foshan lighting A shares 20,000 shares, and on July 27 sold 10,000 shares, during the profit of 10150 yuan. In response to the sale, Fangqing said: "The above stock transactions are normal transactions, no information about any insider."　　Quite strange is, as the counterparty of the two companies in Hefei, China, did not include Fangqing in the Insider Information Insider list. Another verified counterparty was Ho Guang.　　Ho Guang's identity is the legal representative of Qinghai power New Energy Material Co., Ltd. (hereinafter called "Qinghai Power"). Foshan Lighting on August 18 announced the investment set up Qinghai Buddha-Zhao Lithium Anode Materials Co., Ltd. (hereinafter referred to as "lithium-ion Cathode Material project"), Qinghai Power for the joint venture to launch one of the investment companies.　　Foshan Lighting in the verification materials identified Ho Guang as the August 18 announcement Project Insider. March 20, Foshan Lighting has issued a notice to buy lithium battery business in Hefei, the state-owned high-tech stake.　　Ho Guang before the announcement in March 8 ~ 15th Cumulative Buy Foshan Lighting A shares 174300 shares, buy the average price of 11.81 yuan; After the announcement, Ho Guang in April 12 ~ 16th during the cumulative sale of 123300 shares, selling the average price of 14.05 yuan, during the profit of 276192 yuan. Ho Guang also has a record of transactions during the sensitive period of the party clearing stock Exchange.　　Prior to the announcement of July 15, Ho Guang and his immediate family account bought a total of 103400 shares in the period from June 2 to July 6, the average price of 12.93 yuan, during the sale of 1400 shares on June 10, the selling price of 14.27 yuan, and then sold 102000 shares after the announcement, the profit of 16768 yuan. For the fact that stock transactions are traded during sensitive periods, Fangqing and Huo are considered normal stock trading, not insider trading.　　Foshan Lighting said, "in the conversation with Ho Guang found that Ho Guang do not understand what is called sensitive period." It is noteworthy that Fangqing and Huo Guang are in the lithium-ion cathode material project planning phase of the sensitive period to sell shares.　　Foshan Lighting in the bulletin explained that "in view of the company's plan for this project is based on common sense should be good news for the company," Fangqing and Ho Guang In the meantime sell shares, so the company can not determine whether it has been informed of the company's insider information, nor is it certain that there is insider trading. A beijing-based lawyer pointed out to reporters that insider trading behavior only needs to determine whether the insider information insider in the sensitive period of stock trading, whether profit does not affect the conviction.