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after a high school classmate dinner, five people were fined 23 million, including the chairman's son

2024-09-01

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cailianshe reported on august 30 that recently, shengyang technology was exposed for an insider trading case, which attracted widespread attention from the market.ye shengyang, son of ye mouming, chairman and actual controller of shengyang technologyas an insider of the inside information, in may 2021analyzed the situation of shengyang technology to his high school classmates during the dinner, and suggested buying the stock.five parties involved were fined and confiscated more than 23 million yuan for insider trading in shengyang technology stocks.

how do corporate mergers and acquisitions and restructuring “leak”?

the formation of insider information began on september 25, 2020. subsequently, on october 25, 2020, ye mouming discussed matters such as changes in the company's control and asset integration with the company's then secretary wu mouting, zhao mou of zhongtian guofu securities co., ltd., and others, until october 30, 2021, when shengyang technology publicly announced a suspension announcement for planning a major asset reorganization.

at a dinner party in may 2021,son of ye mouming, chairman and actual controller of shengyang technologyye shengyang as an insider of inside informationto his high school classmatesthe situation of shengyang technology was analyzed and a recommendation to buy the stock was implied.