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The third largest shareholder short-term trading? Announcement from listed banks

2024-08-07

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On August 6, Chengdu Bank issued an announcement stating that Chengdu Industrial Capital Holding Group Co., Ltd. (hereinafter referred to as "Chengdu Industrial Capital"), a shareholder holding more than 5% of the shares, sold 22,500 shares of the company's stock at 14.44 yuan per share through the Shanghai Stock Exchange bidding trading system on August 5, 2024 due to staff error, and subsequently bought them back at 14.43 yuan per share.

Chengdu Bank stated in the announcement that after verification, the above matter did not seek profit by taking advantage of the transaction, but the behavior violated relevant regulations. Chengdu Industrial Capital has fully realized the seriousness of this violation and sincerely apologizes to investors for the adverse impact of this violation on the company and the market.

A shareholder holding more than 5% of a listed bank's shares made an erroneous short-term transaction, and later clarified and apologized. Chen Qiaoyi, a lawyer at Shanghai Guangming Law Firm, believes that it is not enough to just apologize and buy back the shares, and the bank still needs to bear other corresponding responsibilities and penalties. "Such illegal transactions are likely to attract the attention of regulators, which may lead to further investigations or penalties, or affect the image and reputation of Chengdu Bank."

It is reported that Chengdu Industrial Capital is the third largest shareholder of Chengdu Bank. According to the latest disclosure of Chengdu Bank on the "Convertible Bond Conversion Results and Share Changes", as of the end of June, the top three shareholders of Chengdu Bank were Chengdu Jiaozi Financial Holding Group Co., Ltd., Hong Leong Bank Berhad (Hong Leong Bank), and Chengdu Industrial Capital Holding Group Co., Ltd., holding 19.9997%, 19.76%, and 6.37% of Chengdu Bank's shares respectively.