"Oolong" to xingmin steel ring share price plunge lawyer said the responsibility to be awarded
Source: Internet
Author: User
The last trading day on the eve of the Mid-Autumn festival, Xingmin Steel rim (market, interrogation) and the shareholders opened a joke, but now to see the incident is not imagined so simple, by the aftermath of the "Oolong", the company's shares fell 8% today. On the evening of September 17, Xingmin Steel Rim issued a contract for the purchase of composite wheels, the notice said that the September 16, 2013 and Trans Texs TIRE,LLC signed a total amount of 5,160,792,000 U.S. dollars in the purchase contract. Affected by this message, on the morning of 18th, the opening of the xingmin steel ring stock prices climbed sharply, but only after two minutes, dramatic scene suddenly staged, the share price from trading 13.16 yuan fell into a fall of 10.76 yuan, the shares close to 200 million yuan, billions of dollars in the instant "evaporation." 18th Noon, the company only amended the announcement, it was 17th issued a notice in more than a fatal "million" word. With the development of "Oolong", more and more people tend to the incident is not the company's simple "clerical error", there may be suspicion of insider trading, but so far the company still strongly denied the claim. In addition, the regulator did not investigate this. A prominent lawyer in Beijing, who declined to be named, said in an interview with a financial reporter that the mistakes made by the xingmin steel rims were indeed lower, but there is no direct evidence that the "Oolong" is related to insider trading. "The final conclusion may need to be made by regulators," he said. The lawyer said that if the regulator decided that the "Oolong" is indeed artificial, xingmin steel ring will not only face fines also need to compensate the injured investors.
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