The fact that employees borrow money from the group on the ground of buying a house is actually insider trading in stocks

category:Finance
 The fact that employees borrow money from the group on the ground of buying a house is actually insider trading in stocks


Since June 2018, due to the downturn of the stock market, Bowei alloy, a listed company located in Ningbo, has received consultation calls from investors. It is suggested that bode Hi Tech Co., which is controlled by the controlling shareholder of Bowei group, be merged into Bowei alloy, so as to focus on making a listed company bigger and stronger and raising the share price of Bowei alloy. Mr. Wang, the companys secretary, summarized these situations every month and reported to Mr. Xie, the companys actual controller and chairman, at the Bowei alloy investment regular meeting.

At the beginning of September, Zhang Zhaojun, director of Bode high tech and director of Human Resources Department of Bowei alloy, put forward that in view of the uncertainty of independent listing of Bode high tech, it is appropriate to put bode high tech into Bowei alloy from the perspective of employees interests. Xie asked Zhang for opinions on the preliminary idea of Bowei alloys acquisition of Bode high tech. Zhang said that it was more appropriate to consider personnel integration, company development and employee interests. Xie asked Zhang to keep the conversation confidential.

From the middle of October to the last ten days of October, Xie called Lu Xiaohui, the financial director of Bowei group, and Fu, director of the Secretary Office of Bowei alloy (in charge of investment) to his office, and asked for their opinions on the acquisition of Bode high tech by Bowei alloy. The three people discussed about three times before and after. On October 25, Xie completed the last program discussion with Lu and Fu, and formally decided to let Bowei alloy acquire bode high tech.

After some preparations, on October 30, Bowei alloy issued a notice on planning major issues, disclosing the above acquisition matters.

Both Ren Wu and Zhang Xiaojun, the insider, work on the 8th floor of Bowei alloy office building. Both of them belong to the human resources department. Zhang is the superior of Ren Wu. At 9:43 p.m. on October 25, 2018, Ren Wu and Zhang had a 53 second call record.

Ren Wu applied for a loan of 750000 yuan to Bowei group on October 23, 2018 on the ground of borrowing to buy a house, which was guaranteed by Zhang Yijun. On October 24, Xie was approved and Bowei group transferred 750000 yuan to Ren Wus account. On October 26, the 750000 yuan silver certificate was transferred into the securities account. On the same day, the Renwu securities account purchased 47400 shares of Bowei alloy, with a transaction amount of 307422 yuan and a profit of 7689.62 yuan.

On October 25, 2018, Mr. Wus insider information about the purchase of securities of Mr. Wu and Mr. Wus insiders were all in the insider account on October 24, 2018. He believed that the whole insider account of Mr. Wu and Mr. Wus securities company occurred on October 23, 2018 During the sensitive period of insider information, the account only trades one stock of Bowei alloy, which has the characteristics of new account opening and centralized trading.

According to the fact, nature, circumstances and social harmfulness of the parties illegal acts, and in accordance with the provisions of article 202 of the securities law of 2005, Zhejiang securities regulatory bureau decided to order Ren Wu to dispose of the illegally held stocks according to law, confiscate the illegal income of 7689.62 yuan and impose a fine of 100000 yuan.

According to the reporters inquiry, on December 24, 2018, Bowei alloy disclosed the reorganization plan, and planned to purchase 100% shares of Bode high tech held by the controlling shareholder Bowei group and others at a price of RMB 990 million by issuing shares and paying cash. On the day of resumption of trading, the companys shares opened sharply and finally closed up 4.35%, but the stock price continued to fall in the following days.

Bode high tech is mainly engaged in precision filament business, and its main products are used in precision mould, automobile manufacturing, industrial robot, aerospace and other fields. In May 2019, the above merger and acquisition transaction is completed, and Bowei alloy gradually turns to the development strategy of new material based + new energy supplemented.

Despite such an unexpected episode, Bode high tech in the revenue bag has a brilliant performance, with more than 20 percent of the total in 2019.

Extended reading is clear! Urban household registration children can inherit the right to use rural homestead! Comments: growth enterprise market index rose 1.89%. New shares of registration system led the national team to bargain the most expensive medical consumables of more than 20000 or reduced price by 88%. Source: responsible editor of Shanghai Securities News: Yang Qian_ NF4425