Monday, January 24, 2011

Xinjiang tianshan textile insider trading

Urumqi online dispatch (reporter WuYang reports) for alleged insider trading, divulging inside information, yao and a four two companies were procuratorial organs prosecution. January 17, urumqi intermediate people's court for trial on this case shall be heard in public. It is reported, this is xinjiang's first for alleged insider trading etc cleared of the prosecution's case.

Get inside information big buy "tianshan textile"

Public prosecution organ charges, 2009 July 21st and 22nd, the defendant yao as a certain investment company general manager, using participation during the restructuring of their position of tianshan textile, will "investment restructuring tianshan textile" insider information leakage to wang mou.

As a partner, yao with wang mou jointly operates xinjiang hannstar Yang investment Co., LTD. (hereinafter referred to as hannstar Yang company).

In a certain instigate, wang mou yao with hannstar Yang company funds buying "tianshan textile" stock clinch a deal amounted to $320,000 strands, 2022576.16 yuan. Two people and use wang mou personal and others' account, respectively 805800 shares bought the stock. Three account, only "tianshan textile" a stock, total 1125800 strands, clinch a deal amount up to clinch a deal 7019241.55 yuan.

Know the truth of wang mou, turn round and then will the news to others.

2009 July 22, wang mou use "xinjiang RongHui ginde mining stock Co., LTD (hereinafter referred to as" RongHui ginde company) account, and others account, buy again the 205903 shares "tianshan textile".

On the same day, yao will again "reconstructed" one of the news, tell the pre-vice investment company assets management department manager's CaoMou. The practice of yao and a similar, CaoMou will also this news to tell their own "partners" work his way up.

Previously, CaoMou and work his way up had established a joint contribution to fry account. Work his way up to obtain "wind" and promptly buying 125400 strands of "tianshan textile", clinch a deal amount of 797714.9 yuan. And CaoMou themselves by its sister-in-law account to 550529.98 yuan price, bought 87000 shares this stock.

July 23, just over the time of day, "tianshan textile" was suspended. In August, "tianshan textile" restructuring plan finalised.

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