SEC hits "Black" four company insider trading details exposure

Every reporter Guo Nao Zhi Ceng Yan Xia Zi Ai before the Chinese Securities Regulatory Commission to the media reported a number of insider trading cases of investigation, which involved SST Hua, *st Zhang Copper, Chong Hing home three listed companies and Bohai Securities.　　"Daily economic news" yesterday through in-depth interviews with the industry and company personnel, for you to uncover the original four companies involved in how the personnel are in violation of securities regulations, manipulation of stock prices, insider trading. Case of a SST Hua plastic major shareholder of the insider trading has been arrested every reporter Guo Nao Zhi csrc 12th, not only exposed the SST Hua plastic (000509, close to 6.86 yuan) Shareholders insider trading case, also confirmed the outside world about "SST Hua-plastic Restructuring" speculation. Yesterday, Shandong Metallurgical Industry Corporation (hereinafter referred to as "Shandong Metallurgical Corporation") an insider confirmed that, because of suspected insider trading, the company's deputy general manager Zhang Yi has been arrested by the Shandong police, time about April 20.　　At the same time, is located in Sichuan, Fan Hua Plastic Co., Ltd. (hereinafter referred to as "SST Huayi") known to this matter, the company said that the SST Hua Plastic shareholders insider trading case and the company has not much relationship, the company also has no reorganization plans in the near future. Zhang Yi was arrested in April. May 12, the SFC issued a circular on the official website, said the SFC in November 2008 in Sichuan Province, a listed company during the reorganization of the suspected insider dealing issues.　　The investigation found that as an important participant in the reorganization of both sides, a commercial Bank of Jinan branch of the sales department director Li and an industrial company in Shandong Province, deputy general manager Zhang in the reorganization of the use of the insider information, a large number of transactions listed company shares, profits huge, suspected to constitute the 180th article of the Criminal Law of insider Daily economic news reporter through a variety of surveys learned that the CSRC's article called "A listed company in Sichuan" for SST Huayi, the company registered as Sichuan Nanchong City, the office address in Chengdu, and "Shandong Province, an industrial corporation deputy general manager Zhang MoU" is "Shandong Metallurgical Industry Corporation deputy general manager Zhang Yi expensive", The company was just set up last year, "Shandong Iron and Steel Group", one of the shareholders, through the Jinan Xin Silver Investment Co., Ltd. (hereinafter referred to as "Xin Silver Investment") indirect holding SST hua plastic.　　Shandong SASAC documents show that Zhang Yi also served as the vice secretary of the party committee of Qilu Securities Co., Ltd., Secretary of Discipline inspection.　　"We have been informed that insider trading cases are only shareholder units involved in the case, and the listed companies do not have much to do with the company," said yesterday, a person reluctant to be named SST, the shareholders involved in the case did not inform the company about the relevant situation.　　And the former Shandong Metallurgical Corporation further confirmed that the company's deputy general manager Zhang Yi about April 20 by the Shandong police arrested, the amount of money involved is unknown. Hua plastic shareholder background not generally how to know the listed company "Confidential"?　　Although the SFC did not disclose the details, but to comb the intricate shares of SST Hua plastic, still can be harvested. SST Huayi 2008 Annual report shows that the company is a building materials, clothing for the main business of the listed companies, business throughout the southwest, north and Shenzhen. October 31, 2007, Xin Silver Investment through the public auction,　　From the original SST Hua plastic, the first major shareholder of Shandong Fan Industrial Co., Ltd. to take 56.3157 million shares of restricted circulation shares, and eat the original third largest shareholder Shandong Century Coal Chemical Co., Ltd. holds SST Hua plastic 6.6 million shares, transformed into the SST Hua plastic the first major shareholder. Xin Silver investment by Shandong Jin Ling iron ore and natural person Liu Yonghua Capital, respectively, holding 51%, 49%, and Shandong Jin Ling iron ore is Shandong Iron and steel Group wholly-owned subsidiary; Shandong Iron and Steel Group's actual control party for Shandong Province Sasac, on March 26, 2008, set up The registered capital of 10 billion yuan of state-owned companies, by Jinan Iron and Steel Group, Laiwu Iron and Steel Group (hereinafter referred to as "LAIWU Steel Group") and Shandong Metallurgical Industry Corporation through the state-owned share transfer set up.　　The involved people Zhang billion, that is, Shandong Metallurgical Industry Corporation deputy general manager. Shandong State-funded Committee of the party Committee "on the Weifeng and other 3 comrades to serve notice" (LU State-owned party [2008]10 number) shows that Zhang Yi in April 2008 in the Qilu Securities Co., Ltd., vice secretary of the party Committee, discipline secretary.　　Reporter investigation found that Qilu Securities and the above SST Hua Plastic holding party close relationship. At this point, as SST Hua Plastic Holding company executives, SST Hua Plastic's every move naturally escape Zhang's sight.　　More importantly, SST Hua plastic behind the big moves are the state-owned Shandong Sasac figure, the market and speculation constantly, "reorganization" is frequently mentioned. Company: There is no reorganization plan first released "Reorganization News", originated from Shandong "Shouguang daily" a report. May 6, 2008, the newspaper published a signed article said, from Shandong Silver Po Tire Group (hereinafter called "Silver Po Tires") learned that the group has successfully held the actual holding St Hua plastic, the realization of the shell listing. Two days later, Shandong Shouguang Party Network published a message that the Silver Po tire holding fan hua plastic.　　Data show that the Silver PO tires are set tires, carbon black production and sales of integrated private enterprises, and the direct holding of SST Hua Plastic-Xin Silver Investment investor Liu Yonghua, is the chairman of Silver PO tires. Therefore, the market speculation, Silver PO tires to the opportunity to reorganize the SST Hua plastic.　　But then, the SST Hua-Plastic issued a clarification bulletin, denied the Silver Treasure Forum by SST Hua Plastic listing one said.　　However, yesterday, the SFC circular, the online "Qilu Securities to restructure the SST Hua plastic, borrow shell listing" is also rampant.　　"We do not have what is known as the restructuring plan," said a number of SST figures yesterday that the company does not have any restructuring plans at the moment. But this clearly contradicts the SFC's briefing. The Securities and Futures Commission mentioned that the people involved were using the insider information in the "reorganization period" to deal with the stock of listed companies and make huge profits. But from the SST Hua-plastic 2008 to date, the announcement that SST Hua-su has notAny reorganization messages. In the end is the CSRC notice error, or SST Hua plastic has important news not notice? SST Hua Plastic A number of people said that because the Secretary of the Foreign business travel, unable to answer, also can not provide dong secret contact. The company's securities department staff has pledged to contact the company's chief executive and give an explanation before 20 o'clock last evening, and the reporter then leaves a detailed contact.　　But to press deadline, SST Hua Plastic also did not contact reporters. Case two Bohai Securities executive insider trading in two days accounted for 20,000 yuan every reporter Zeng Zijian after the Backdoor Yanbian Road insider trading case, and a brokerage backdoor triggered insider trading case was notified by the SFC. In a number of insider trading cases reported yesterday by the SFC to the media, Bohai Securities were backdoor insider trading, and the relevant people have been subject to administrative punishment. It is understood that the Bohai Securities prepared backdoor listed companies for the St Four ring (000605, closing price of 12.15 yuan).　　At present, perhaps because of the insider trading case investigation, the St Four ring (formerly "Four Ring Medicine") and Teda holding the reorganization between also seems to be a distant future. Two trading days earned 20,000 by the SFC investigation, at the end of 2006, the Bohai Securities major shareholders plan to acquire a listed company, and through the asset reorganization to realize the listing of securities brokerage. After the preliminary preparation, January 18, 2007, the major shareholders and intermediary agencies to determine the intended acquisition of the listed company objectives and plans, notify the securities company President Assistant Kim a contact target listed companies related personnel. January 19 (Friday) and 22nd (Monday) Two trading days, st four ring continuous trading.　　January 23 listed companies to suspend business, announced that the company has major issues are communicating consultations. The investigation found that Kim and his spouse of a control of the account on January 19, 2007 through online transactions to buy 50,000 shares of listed companies, January 22 all sold and profit more than 20,000 yuan.　　The investigation shows that the online trading IP address of the stock is in the Beijing area, and the online transaction IP address of the selling stock is a certain city gold securities company. The SFC found that the Act of the Securities Act violates the provisions of article 73rd of the Security Law and constitutes the insider trading act as described in article No. 202 of the Securities Act.　　Recently, the Securities and Futures Commission of Bohai Securities executives Kim and his spouse in the securities brokerage operations occurred during the listing of the Insider trading Act of the administrative penalty, decided to confiscate insider trading illegal income and the equivalent fine. Backdoor object is St Four ring in spite of the investigation by the CSRC, it did not indicate which listed company the Bohai Securities was backdoor at that time.　　But with a number of exact information, the backdoor object will be directed to the St four ring. In fact, early in 2007, the market has begun to rumors that the Bohai Securities will borrow Shell St four ring. and January 19, 2007, St Four Ring rose 6.98%, January 22 to limit the report. Subsequently, the St. Four ring issued a notice, said the company's holding shareholder four-ring bio-industry group and Tianjin Teda holding consultations on the Teda holding and four ring group cooperation on the company to restructure, injected Teda holdingsThe quality of assets related matters to reach a cooperative intention.　　Although in the then announcement, did not specify the so-called "quality assets" which part of the assets, but further confirmed the market on the Bohai Securities will borrow Shell St four ring rumors. March 14, 2007, St. Four ring after the resumption of the card, once appeared 16 consecutive trading, during the St four ring on March 24 again, and in the November 26 resumption license. However, the company issued a notice shows that the final Teda holding group assets to borrow Shell St four ring for the Northern Trust.　　Analysts pointed out that the former Bohai Securities borrow Shell St four ring, but eventually became a Northern trust, probably because insider trading case by the SFC investigation. St Four Ring reorganization still no progress at present, Tianjin Teda Holdings has become the St four-ring controlling shareholder, holding 51.975 million shares, accounting for 55.75% of the company's total equity.　　But until recently, the North Trust backdoor restructuring plan has not been completed. 2008, ZTE China accounting firm for the company's 2008 financial report issued a note with emphasis on the audit report without reservations. Emphasis on the original text shows that the company's financial statements are based on the basis of continuous operation, the four-ring pharmaceutical companies currently in the reorganization has not been formally approved by the relevant departments, and there is a certain operating pressure, its continued operational capacity of uncertainty.　　At present, there is no new progress in restructuring the company's assets. Case three assets injected into the leak Chen high 300 million per reporter Huang Qingyan from Fujian, the SFC in the bulletin said, Chong Hing Real Estate (600193, closing price of 9.93 Yuan), the first to second largest shareholder of the holding shareholder-Shanghai Archosaur Landscape Development Co., Ltd. in June 2007 to discuss the directional additional scheme, By the company associated with a large number of transactions to create Hing home stock, suspected to constitute insider trading crime.　　Affected by this news, Chong Hing property was suspended yesterday.　　People familiar with the matter told the Daily economic news yesterday that the SFC's investigation could be aimed at a 2007-year rally in the stock market. Data show that January 4, 2007, Chong Hing Real Estate (at that time, the name of Chong Hing Technology) shares of 4.04 yuan/share, to the August 6 of the 21.38 yuan, the highest price, up to 416.5%. May 9, 2007, Chong Hing Home Property Bulletin said: April 27, 30th, May 8 Company stock three consecutive trading days closing price deviation value accumulated more than 20%. The company has sent a letter asking the controlling shareholder and the actual control person, has not received the reply at present; the second day Chong Hing Home Property Bulletin said: "The company asked the controlling shareholder and the actual control person, it said that the plan will be held assets into the company, the relevant program has not been finalized." May 24, Chong Hing Home Property Bulletin said: The company's stock due to abnormal fluctuations in the suspension on May 9, 2007.　　The company asked the controlling shareholder and the actual control person, it indicated that the plan will inject the assets held by the company, but after the demonstration, the concrete implementation condition is not yet available, now decided to cancel the related asset injection scheme. OneA "not yet finalized" asset injection plan to leak in advance, leading to "abnormal volatility" in the stock price, although the asset injection scheme was not in the end, but Chong Hing property prices after the asset injection expectations and the market rose, but also bolted all the way, until the beginning of August to reach a 21.38 high.　　and Chen through its subsidiaries in June 2007 ~ September, in the SSE to reduce the 15.1821 million shares of Chong Hing, the average price of about 19 yuan, high level set now about 300 million yuan.　　In the market of Chong Hing real estate prices rose sharply, in addition to the actual control of the figure outside, Chen family, Chong Hing home property executives, "Admission out of the field" examples are not uncommon. Compare Chuang Hing Property 2007.5 Annual Report and the first 10 of the three quarterly circulation shareholders can see that the second quarter of 2007, the fourth to tenth shareholders, in the third quarter after three months have disappeared, and the most speculation is the natural Shangwei and Huang. Shangwei, a person familiar with the work at Chong Hing Home, told the Daily economic news that he was actually Chen's brother-in-law. 2007 Annual report also shows that Chen through the two-level market to buy 78800 shares, deputy general manager Roady built to buy 5000 shares.　　The Chairman of the Board of Supervisors, Chen Wenhua, was also bought in 2007. Case four high-tech Zhang Copper fraud issue listing every reporter Satsu air from the Shanghai Securities Regulatory Commission, according to the daily supervision found clues, the SFC in May 2008 to *st Zhangtong (002075, closing price 5.73 yuan) illegal violations of the law. The SFC administrative investigation found that high-tech Zhang Copper and general manager Guo Zhaoshan Some of the senior executives such as fraud issues, illegal disclosure of important information, insider trading, breach of the interests of listed companies and other acts.　　It is understood that this is the first time the SFC disclosed that High-tech Zhang Copper fraud issue. High-tech Zhang Copper was listed in October 2006, but soon after the Beatles hat, has become *st Zhang Copper.　　In Guo Photography since July 2008 was disclosed by the Zhangjiagang Public Security Bureau and surveillance of living, High-tech Zhang Copper slipped more quickly, in the bank Bizhai "Creditor's rights", but also broke 400 High-tech Zhang copper small shareholder prosecution news. People familiar with the matter said that even in the 2008-year high-tech Zhang Copper performance, there was no news of its fake listing, "the SFC disclosed the situation, clearly demonstrates the seriousness of the issue of copper and Guo photography."　　"High-tech Zhang Copper March 11, 2008 announcement" Guo Photographic cumulative reduction of 2.2455 million shares (accounting for the total share capital 0.56%), the price range for the sale of 10.96 yuan/share to 12.57 yuan/share. Guo Photography at this time as a high-tech Zhang Copper Deputy chairman, General Manager, the above reduction behavior, has seriously violated the "People's Republic of China Securities Law" related provisions, in addition, the above reduction also occurred in the new high-tech Zhang Copper on February 28, 2008 to release the forecast Performance Express, in April 28, 2008 announced a huge loss Reduction of 1120900 shares, wasThe "Insider Trading Act" as expressly prohibited by the Securities Act.　　"Daily economic News" on July 12, 2008, has exclusive report "high-tech Zhang Copper original general manager Guo Zhaoshan allegedly hollowed out company", pointed out that Guo Photography and his wife Chen Juying privately set up a family enterprise hollowed out High-tech copper. High-tech Zhang Copper, a senior executive who declined to be named, said 13th to the "daily economic news" that the High-tech copper is Guo Photography to promote the listing, but since 2008 has been caught in all kinds of storms, "can be said, Guo took the photo, failed Guo also photographed." "According to the SFC Bulletin, Guo Photography and other senior executives" not only violate the securities laws and regulations, some of which are also suspected of crime.　　"The SFC also pointed out that high-tech Zhang copper illegal cases have completed the administrative investigation, the suspected criminal evidence material has been transferred to public security organs for criminal responsibility." Guo Photography was born in June 1953, is Zhangjiagang Jinfeng people, 1971 to participate in work, soon served as Zhangjiagang Velvet Factory director and Yang Yang Farming general manager and other positions.