Rainbow Refinement: Another "Hangxiao structure"

Early March 8, rainbow Refinement due to media reports were Shenzhen temporary suspension, asked the company to clarify and then duplicate the card. March 8, this newspaper March 3, "rainbow refinement of the major contract investigation", March 4, Rainbow Refinement 2 billion contract investigation: a carefully planned "bureau"? After the two texts, again published "Rainbow Refinement 2 billion contract investigation:" The green World? "Disclosed that the rainbow refined 2 billion contract of 4 large buyers involved in 550 million Yuan Jiaxing international registration address fraud, 209.8 million yuan in Zhejiang by soda also exist information fraud, and another media disclosure of 190 million U.S. dollars 2 degrees same with the Australian side confirmed that the information does not match.　　In addition, as the guarantor of the contract and the actual operation before the contract is signed, the Shenzhen Green World and the actual control person Su Yihai and the Green World Series company have many suspicious places.　　In fact, whether from capacity inability to meet orders, contract buyer's strength, the actual operation of the numerous doubts, or from the authenticity of the contract itself, rainbow refinement of the 2 billion Grand contract event, development so far, can not help but remind people of several years of Hangxiao Construction insider trading case layout, rhythm, technique. How will this rainbow-refining situation develop?　　We will continue to keep our attention.　　Hangxiao insider trading in the February 2007, the Hangxiao insider trading case was called "the first case of China bull market" and "the first case of insider trading in China's non-insider".　　The original hangxiao of Africa large orders, so that its stock price volatility, although the management of suspension, investigation, issued administrative penalties, but its share price just rose from 4 yuan to more than 31 yuan, but this time the largest market myth finally shattered. February 12, 2007, Hangxiao chairman Tankamu in the company Commendation Conference mentioned overseas projects (not public news), the same day Hangxiao structure burst, the stock price of 3 consecutive trading. February 15, the shares of the first time after the card is 3 consecutive trading. February 27 Hangxiao began to suspend trading. March 13 Hangxiao The disclosure of the contract with the base company, to 34.401 billion yuan total price of the construction of a project in Angola. The day after the stock card, is a continuous 4 trading. March 19 SSE Hangxiao to the implementation of suspension processing. At this point, Hangxiao 10 trading days to soar to 10.75 yuan, the cumulative gain of 159%.　　At the same time, the sound of 34.4 billion-yuan contract questioning flooded the market.　　In the end, The insider truth of the Hangxiao case is actually three people's "insider trading": Xiangdong as the investor, entrusted Chen Yuxing stock market, Chen Yuxing as the trader, profit and Xiangdong 37 open, Rogau is the information leakage, and Chen interest. In the first stage, in early February, Chen Yuxing accidentally learned that Hangxiao is negotiating with the base company on Angola, amounting to 30 billion yuan.　　12th, Xiangdong According to Chen's instructions to buy "Hangxiao structure" more than 2.7 million shares. The second stage, February 12, when Hangxiao Securities representative of the Rogau of the project information disclosed to Chen Yuxing. February 13, Xiangdong Chenorder to buy more than 2.3 million shares again. The third stage, February 14 morning, in order to be able to buy more "Hangxiao" stock, Xiangdong to limit the price of the board commissioned a single, the day of all transactions, buy more than 1.7 million shares.　　At the same time, Chen Yuxing again from the Rogau to obtain the next day announcement content, and inform Xiangdong.　　Phase IV, March 15, Chen Yuxing from the Rogau Department of Regulatory information, the next day (16th) Xiangdong orders more than 6.9 million shares sold, a total of illegal profit of 40.37 million yuan.　　Rainbow refinement of the "four-stage" insider and from the Rainbow Refinement, the stage of operation is also very obvious.　　December 1, 2010, Rainbow refined release of foreign investment announcements, emphasizing the formation of the company to intervene in the field of biomass degradable plastics, and in the bulletin clearly stipulates the business objectives of the new company, that is, capacity development, such as the establishment of three months to achieve Nissan 500 tons, but did not talk about orders and sales. Investment bulletin vague at the same time, rainbow refinement through the media revealed that there are already some orders to talk about. Earlier, in the November, when the Rainbow Green World Company was not yet formed, Su Yihai, a controlling person in the Shenzhen Green World, said to the CPRJ China Plastic Rubber Magazine, "There are several big orders for the company," one of which is a nursery basin order for the export of Malaysian goods worth 900 million yuan. One is the production value of 2 billion yuan exported to Britain and Australia flower pots orders.　　Su Yihai also stressed that 2011 will achieve 4 billion yuan sales scale. And according to the Rainbow refinement and the Shenzhen Green World Cooperation Agreement, "the Green World, in addition to the existing production lines of about 100 tons per day production capacity, no longer expand capacity and can not arrange with third-party products to enter the market", "the green world must not alone or with a third party in Shenzhen to carry out the production of biomass degradation materials and sales"　　The terms are actually clear, the Shenzhen Green World of all orders will be returned by the Rainbow Green World takeover. Su Yihai's stance was actually a hint of a major contract for the November 23 Rainbow Green World. At the end of October, at the beginning of November, the Rainbow refined stock price began the first wave of rise, from 9 yuan to 11 yuan. November 19, Su Yihai revealed the green World order after the third day, the rainbow refinement ushered in the second rise, from 10 Yuan climbed to December 1 announced the announcement of the 14 yuan. During this period, the volume amplification for the rainbow refinement of the largest platform since the listing.　　This should be the first stage. After December 1, Rainbow Refinement did not disclose the details of the cooperation company, but the reporter noted that the stock bar, etc. can have an impact on the stock price of the important place, began to be repeatedly mentioned biomass biodegradable plastic prospects and the company possible development, Su Yihai on sales of 4 billion yuan of speech is widely reproduced. In the process, the rainbow refined stock price continued to climb to more than 16 yuan. Responsible editor: Nf058[page] December 29, Rainbow refined release announcement, the holding subsidiary Rainbow Green World completed the registration of Industry and commerce, the stock price quickly rebound from the early adjustment and break the early highs, turnover has not seenObviously atrophy.　　This may be the second stage. After the Spring Festival, due to the 3-month deadline agreed in the announcement of foreign investment, 500 tonnes of Nissan means that the 2011 Rainbow Refinement will benefit materially from the Rainbow Green World.　　At the same time, "Green World biodegradable materials International Technical exchange and Promotion Conference" will be held in advance of the news in the stock bar is discussed, the Rainbow refined stock price so strong pulled up, from 16 yuan to 25 yuan. February 23, 2011, in the face of the strange rise pattern, rainbow refinement but issued a notice of change to deny the existence of significant stock price issues. 23rd, the Rainbow refinement of the opening plunge, the afternoon plate slightly pulled up, but still with a slight fall close, showing that the market has begun to rainbow refinement of the cooperation project to create doubt.　　This should be the third stage. 24th, the situation is urgent to turn, due to the disclosure of major issues, Shenzhen temporary suspension of the refinement of the rainbow. 25th, Rainbow Refinement confirmed the upcoming announcement of major issues. March 2, Rainbow Refinement issued a major contract announcement, disclosed 2 billion yuan contract matters, and explained the reasons for the contradictions before and after the announcement. But the explanation of the rainbow's refined interpretation has caused more widespread questioning in the market.　　About the capacity gap, contract authenticity and other issues surfaced, Rainbow refined the stock price fell from the continuous volume, to March 7 The biggest decline has been nearly 20%.　　Billboard data show that, since November 2010 many times appeared billboard buy a seat in Shenzhen, more than the local brokerage department has begun to sell large quantities. March 3, Huaxi Securities Shenzhen People's Tin Road sales department sold 8.7807 million yuan, Ping an securities Shenzhen Shekou Merchants Road Merchants mansion sales 6.0774 million yuan, China Merchants Securities Shenzhen Sungang Sales department sold 4.9367 million Yuan, BOC International Shenzhen Center Four Road Sales department sold 1.1482 million yuan; another CITIC Securities Shanghai Pudong Avenue Sales Department and Heng Tai Securities Hohhot New Town South Street sales Division Don't sell 9.3895 million yuan and 6.2072 million yuan.　　and buy the list of the sales department for Shanghai, Changzhou and other foreign sales department. To March 8 Rainbow refinement of the emergency suspension, there are private equity judges, the early intervention of the funds have been shipped, but has not yet to return to the whole body.　　This is similar to the fourth phase of the HANGXIAO structure. Anti-view Hangxiao the entire insider trading information disclosure process: First, its chairman at the Commendation Conference "unintentionally" to the important information in advance of the leak, and then intentionally place "advance", the time, selectively disclosed the details of large amounts of contract, but on their own performance and contract risk is not mentioned,　　are very similar to the information disclosure process of the rainbow refinement, and the process of denial and recognition. For the Rainbow refining major contract query, the reporter repeatedly call Shenzhen and Shenzhen office, have not been the insider dealing with a clear answer. Responsible Editor: NF058