SFC to investigate the stake

Source: Internet
Author: User
Jin Jia Shares (002191) was suspected of violating the law by the SEC Shenzhen Inspection Bureau of the case investigation.  Affected by the news, Jin Jia shares fell more than 5% on the 27th, but the tail plate was a strong pull from a single, and finally received 10.25 yuan, up from the previous session of the day up 2.19%; Shenzhen Securities and Regulatory Bureau related people said that the incident has been transferred to the Audit Bureau, the details of the current inconvenience.  Jin Jia shares Dong Hui, said the company will actively cooperate with the SFC investigation, the current company operating in normal condition.  The origin of the "translation error" for this case by the SFC investigation, some market participants think and last year, the company mistakenly will partner native Anglo Tobacco & Trading LLC as the United States Anglo-American Tobacco company incident, Jin Jia shares in charge of this has not been denied. The incident originated from an external cooperation issue of the company's shares. September 19, 2009, Jin Jia shares announced that the company and the United States British and American tobacco companies are contact to negotiate for the United States British and American Tobacco label Printing Cooperation matters, and introduced "American British and American Tobacco Company is headquartered in London, the International tobacco enterprises." However, on November 6, the company also said that in the foreign cooperation project contact negotiation process, the relevant staff mistakenly will foreign partners native Anglo Tobacco & Trading LLC as the United States Anglo-American Tobacco company. However, this translation error has a significant impact, it is understood that Anglo-American Tobacco is the world's second largest tobacco company, the global market share of more than 15%; and native Anglo Tobacco & Trading LLC  It is a small company registered in Florida, USA on October 10, 2008. Behind the two announcements, the company's two-tier market share price fluctuations.  Although the market at that time weak finishing, but from September 1, 2009 to October 31, 2009, Jin Jia shares rose from 10.99 yuan to 16.88 yuan, or more than 50%, and in the November 6 after the deal, the shares were tumbled, the same day once close to the fall. January 9, 2010, the company issued a notice on the termination of foreign cooperation projects.  In February this year, Shenzhen was pleased to give a notice of criticism, the company's vice chairman and deputy General manager Zhongdezhi, the company's deputy general manager Shenhaixiang give public condemnation of the punishment, the reason is that the content of information disclosure and the facts seriously inconsistent. The suspected manipulation of the stock price in the market is that the incident to the Shenzhen of the company to the end of the event, this May, Native Anglo Tobacco & Trading LLC director Fred to the media, in cooperation with Jin Jia shares, His company was declared a global tobacco giant by its stakeAnglo-American Tobacco Company, he became the strength of the stake to manipulate the stock price props. In this respect, Jin Jia shares July 2 issued a special statement that since the company's listing, the company and its subordinate holding subsidiaries have not traded the company's shares, did not entrust others to buy and sell the company's shares, nor for any third party to buy and sell the company's shares to provide financial assistance; As of announcement day The Board of Directors of the company has not received any legal documents concerning the matters mentioned in the media coverage.  July 26, Jin Jia shares officially received the SFC "case investigation notice." China Securities newspaper reporters on the matter to the Shenzhen Securities Regulatory Bureau, the relevant person said the incident has been transferred to the inspection Bureau, in accordance with the provisions of the SFC, during the investigation of specific information will be in the confidential phase.

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