Tianshan Textile Ushered In 5 Consecutive Trading Boards

The daily economic news reporter noted that in the 6 months before the suspension of the company's reorganization last July, a total of 9 related parties bought and sold shares of the company, of which two had so far held shares.

Tianshan textile (000813) said that the above persons were unaware of the restructuring and there was no insider dealing.

But insiders do not agree with this explanation.

9 related persons before reorganization

Tianshan textile (000813) disclosed the restructuring plan in June 18th: it plans to issue 81 million 980 thousand shares and 40 million 990 thousand shares separately to Katie mining and Qinghai snow market at 5.66 yuan per share, and to buy 50% or 25% shares of the west mining industry held by two companies.

After the reorganization is completed, Tianshan textile (000813) will hold 75% of the west mining industry and formally pform itself from traditional textile enterprises into mining enterprises.

Last December, Katie invested 000813 of the Tianshan textile company (35.73%) through administrative pfer.

The main assets of Katie's investment include Katie mining with 99.48% shares and 90% Katie property.

As of the end of March this year, Katie has invested in Tianshan textile (000813) second largest tradable share holders, holding 21.05%; and the state owned company is Tianshan textile (000813), the third largest shareholder in circulation, holding 7.15%.

A detailed report on equity changes released by Tianshan textile (000813) in June 21st revealed that in the first 6 months of last July 23rd, a total of 9 directors and supervisors, executives, and immediate family members had bought and sold shares of the company.

Among them, Zhang Fapeng and Tang Guiying, Zhao Xiaohong and other 7 people are not buying shares before the suspension, but now they are still buying 2 shares before the suspension. Currently, there are 15 thousand shares in Cong Hua and 3000 shares in Wang Jiong.

The company said it was unaware of the lawyer's query.

Tianshan textile (000813) said in the announcement that the above persons were not aware of the restructuring situation in the course of buying and selling, and there was no use of insider information to buy and sell stocks.

The company also said that Cong Lihua and Wang Jiong were directly invested in Katie's investments or their subsidiaries because of their immediate family members. When they hold shares, they will inform the company of the pfer and return all the proceeds to the listed company.

Zhang Fapeng voluntarily waived the proceeds and returned all the proceeds.

Tianshan textile (000813) released a detailed report on equity changes in December 8th last year, which disclosed the situation of related persons buying and selling stocks before the company's self-examination and reorganization. At that time, only Cong Lihua and Zhang Fapeng had two people.

Now, 2 people have become 9.

Daily economic news yesterday called Tianshan textile (000813), the company's securities affairs representative said that the company expanded its scope of self-examination, in order to more thoroughly check the relevant circumstances, and will continue to self check in the future.

Among the 9 people, Tang Guiying and Zhao Xiaohong have already lost their shares after they sell stocks one after another, so they do not need to return the proceeds to the listed companies.

Recently, A shares listed companies have repeatedly bought and sold shares of their own companies before restructuring, such as Xifei International (000768) (000768, SZ) and the central defender (600640) (600640, SH).

Every time they check, these companies say that they are buying and selling stocks based on their own judgment of the market.

These related people's market grasp ability is so strong? Song Yixin, a lawyer of Shanghai new Wang Da Da law firm, told reporters in the daily economic news that Tianshan textile (000813) was involved in insider trading. The key is not whether it is a relative, but the account holder himself is responsible for the matter.

Before the suspension, the associated persons frequently operate, and the company "knows nothing" simply shirk its responsibility.

If a senior executive himself participates in or entrustment of a relative's operation, he or she should be more liable.

Hot money to promote 5 consecutive trading

Tianshan textile (000813) resumed 5 consecutive trading boards, which surprised the industry.

Data show that after the resumption of trading in June 18th, Tianshan textile (000813) has surged 61%, much higher than the 1.3% rise in the same period.

It is worth noting that during the same period, the turnover rate increased from 0.12% to 0.68%, and there were only 2 million 480 thousand shares on Thursday, far below the volume of 16 million 670 thousand shares a day before the suspension.

"It's really not clear why the company should be private," a textile researcher told the daily economic news.

From the perspective of trading seats, Tianshan textile (000813) continuous trading is closely related to the promotion of hot money.

In June 18th, the famous Huatai joint securities Hangzhou Qingchun Road Sales Department bought a total of 3 million 160 thousand yuan; on the 21 day, the sales department once again became the sole buying department by buying 5 million 940 thousand yuan; on the 23 day, two other buying seats appeared.

9 associate status

Katie, vice general manager of investment, Cao Ge's spouse, Li Rong, Katie, deputy general manager of investment Cao Ge's mother Cong Lihua, Katie investment supervisor Chen Yu Chen Yu spouse, director of the company's spouses, company secretaries, mother of Tang, the supervisor of the state capital company, the director general of the company, the deputy director general of the west mining industry, and the spouses of the supervisor of the mining industry.