Sun paper major shareholder short-term illegal trading lead the lock commitment

Listed companies major shareholders, senior executives have repeatedly banned the sale of stocks, the recent incident again occurred in the Sun paper (002078, closing price of 11.34 Yuan) big shareholder Gold Sun investment.　　Today (September 10), Sun paper issued a notice that the company's major shareholders Gold Sun investment illegal short-term trading company shares 400,000 shares, the proceeds of the illegal transaction of 37.3578 million yuan all delivered to the listed companies. Large shareholder high throw low suck 400,000 shares today Sun paper issued a notice, September 7, 2010, the company's major shareholders Golden Sun investment through the two-level market at 11.804 yuan selling price sold the company shares 400,000 shares, the same day at the price of 11.74 Yuan sold the company stock 400,000 shares. In recent years, Sun paper two market share prices basically maintain a quiet trend, September 7, the company's shares to 11.56 yuan slightly higher after the rapid rise, although the market index once plunged, but the company's stock price is still strong, and all the way up, early on the rise of more than 4%, then share prices fell　　However, the daily increase of 3.14% per cent to 11.84 yuan, while the volume of turnover is greatly enlarged to 304 million yuan. According to the daily stock price trend of sun paper, although the price fluctuation is not very obvious, but the big shareholder gold Sun Investment is still pretty finished a high throw low suction. Notice from the Sun paper content, the transaction deduction of stamp duty, fees, brokerage commission and other major shareholders to generate profits of 3735.78 yuan. However, the big shareholder Gold Sun investment 400,000 shares of high throw low suction is a violation of operation. Under regulation 47th of the Securities Act, "directors, supervisors and senior managers of listed companies, who hold more than 100% of the shares of the listed company, sell the shares held by the company within six months after the purchase, or buy it after six months after the sale, and the company's board shall recover the proceeds.　　"The company said that the Golden Sun investment has been in accordance with the provisions of the relevant stock trading proceeds delivered to the company, while further strengthening the study of laws and regulations on the basis of strengthening the management of enterprise investment Accounts, to prevent the recurrence of similar acts." The breach forced a commitment to lock the stake. As of September 8, 2010, Golden Sun Investment total holding 678 million shares of the company and all the unlimited sales of shares, accounting for the company's total equity of 67.51%, for the company's controlling shareholders.　　Data show that the main scope of the Golden Sun Company includes foreign investment, enterprise Investment Management, enterprise management, real estate development. It is precisely because of this 400,000-stock violation of short-term trading, the golden Sun investment at the same time make a commitment to the company in the next two years (from September 10, 2010 to September 9, 2012), does not transfer or entrust the management of all 678 million shares of Sun paper that it holds, nor does it buy back the shares held by Sun paper. If the gold sun investment in the above lockout period of the breach of the commitment, trade or transfer of the holding of the Sun paper stock, the proceeds will all return to the Sun paper.