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Suspected of insider trading in Hairun photovoltaic stockEzbaccaratST Sunshine (Rights Protection) (600220) the controlling shareholder faces 2.EzbaccaratA fine of .30 million yuan.
On the evening of May 7th, ST Sunshine announced that Jiangsu Sunshine Group Co., Ltd. (hereinafter referred to as "Sunshine Group"), the company's controlling shareholder, recently received the "advance notice of Administrative punishment" from the Securities Regulatory Commission.
The notice shows that the case of Sunshine Group suspected of insider trading of Hairun Photovoltaic shares has been investigated by the Securities Regulatory Commission, and the Securities Regulatory Commission intends to impose penalties on Sunshine Group according to law.EzbaccaratA fine of 32 million yuan. ST Sunshine said that the subject to be punished in the above notice is the company's controlling shareholder Sunshine Group, and the matters involved have nothing to do with the listed company and will not affect the company's daily business activities.
Suspected of insider trading Hairun photovoltaic
According to the official website of Sunshine Group, the company's business is involved in woolen clothing, medical devices, ecological agriculture and forestry, big data management, overseas mining and other industries, ranking 239th among China's top 500 private enterprises and 252nd among Chinese manufacturing enterprises. is the gold medal supplier of many international famous brands.
ST Sunshine announcement did not disclose the specific information of Sunshine Group insider trading Hairun photovoltaic stock. But prior to this, a number of subjects have been punished by the CSRC on suspicion of insider trading in Hairun photovoltaic stocks.
According to the CSRC previously disclosed that Hairun Photovoltaic suffered losses in 2013, in order to avoid two consecutive years of losses by the implementation of delisting risk warning, set a profit operating target in early 2014. However, with the introduction of the relevant policies of the National Energy Administration in the second half of 2014, the revenue recognition policy of photovoltaic power stations has been adjusted, which has a great impact on the company's profit model.
At the end of November and early December 2014, Hairun Photovoltaic Chairman Yang Huaijin, Chief Financial Officer Zhou Yike, Vice President Zhang Yongxin and other senior executives and financial staff of the company discussed and communicated many times on the 2014 performance issues and reached a consensus.EzbaccaratIn the case of Hairun Photovoltaic being unable to make a profit in 2014, more losses should be recognized within the scope of financial permission, and the losses and impairment that can be identified should be placed in 2014 as far as possible.
Hairun Photovoltaic 2014 performance of the formation of inside information no later than December 22, 2014, January 31, 2015.
The CSRC identified Yang Huaijin, Zhou Yike, Zhang Yongxin and Ren Xiangdong, the second largest shareholder of Hairun Photovoltaic, Ren Xiangdong as insider information about the 2014 annual performance loss of Hairun Photovoltaic. Four people and nine run management industry respectively reduced their holdings of Hairun photovoltaic stocks during the insider information sensitive period.
In February 2017, the CSRC imposed fines of 600000 yuan on Hairun photovoltaic executives Yang Huaijin, Zhou Yike, Zhang Yongxin and Ren Xiangdong, and confiscated 61.9407 million yuan of illegal income and imposed an equal fine on the nine run management industry. Ren Xiangdong, Yang Huaijin, Zhou Yike, Zhang Yongxin and others were banned from the securities market for 3 to 10 years respectively.
The penalty announcement of the CSRC did not involve Sunshine Group. However, according to media disclosure, Sunshine Group and the nine run management industry, at that time have adopted related accounts, shadow accounts "bridge" reduction method.
In 2015, Hairun Photovoltaic also disclosed that its shareholder Zijin Electronics (the parent company of Sunshine Group) had reduced its holdings of Hairun Photovoltaic shares by about 177 million shares from January 7, 2015 to January 20, 2015.
However, Zijin explained at the time that when the above-mentioned stocks were reduced, they did not know about the annual performance of Hairun Photovoltaic in 2014. Lu Keping, chairman of Zijin Electronics, said he learned about the 2014 performance forecast of Hairun Photovoltaic through the company's announcement.
The actual controller has been filed before.
Sunshine Group is controlled by the capital tycoon Lu Keping. In A shares, Lu Keping has actually controlled Sihuan Biology, ST Sunshine and other listed companies. Hairun Photovoltaic was previously controlled by Lu Keping, and in July 2019, Hairun Photovoltaic terminated its listing in A-shares.
Before Sunshine Group received the ticket, Lu Keping had already been put on file.
In October last year, Sihuan Bio and ST Sunshine simultaneously announced that Lu Keping had been filed by the CSRC on suspicion of illegal securities market manipulation. In December last year, the two companies announced again that Lu Keping had been filed by the CSRC on suspicion of illegal information disclosure.
In both announcements, both listed companies mentioned that Lu Keping's investigation had nothing to do with the listed company.
As early as May 2020, the CSRC banned Lu Keping from the market. According to the announcement of the CSRC, Lu Keping has increased his holdings of Sihuan Biology shares since 2014, reaching 5% and failing to announce and report according to law every 5% increase in the process, and there is an illegal act of buying and selling stocks during the trading period, and instructs Sihuan Biology to engage in illegal acts of information disclosure. The CSRC decided to ban Lu Keping from the market for life.
(article source: Securities Times e Company)