Hundred Round Pants Industry Has Insider Trading Suspicions, Three Days Before The Suspension Of Raiders Buy Money

< p > > the world's < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes "< hat" net to the small weave to introduce the hundred circle pants industry three days before the suspension, 73% rush buyers buy 1.74 times.

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< p > yesterday (August 14th), the 100 round pants industry (002640, closing price of 39.73 yuan), which is involved in cross-border electricity providers, is expected to meet the third limit this week. The stock price has surged from 15.06 yuan to 39.73 yuan in less than a month since its resumption.

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< p > however, in the first 3 trading days (April 2nd to April 4th) of the company's restructuring < a href= "http://www.91se91.com/news/index_s.asp" > suspension < /a >, the total turnover of shares was as high as 73.36%, and the turnover suddenly increased. Some investors suspected that funds were involved in advance.

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< p > Song Qinghui, consultant of the Shenzhen Regulatory Commission of the SFC, told the daily economic news reporter that the 100 round pants industry restructured before the suspension and had high volume and other characteristics. It did not rule out insider trading.

Major restructuring of A shares is often directly related to stock price movements, and some insider trading chains are very hidden.

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< p > "the securities and Futures Commission has now tied up the abnormal stock pactions in the process of reorganization of listed companies with restructuring audits.

For a major reorganization of the stock price movements, if suspected of insider trading and the decision to check, the listed company should suspend the restructuring process, and the administrative examination of the SFC is directly linked to the case inspection, and if there is any violation, the review will be suspended.

Song Qinghui pointed out.

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< p > < strong > less than one month, the share price rose 154% < /strong > < /p >

The announcement of the restructuring of the P industry in mid July revealed that the company intends to acquire the 100% stake in "universal Tesco" by issuing shares and paying cash, while supporting matching funds.

The latter valuation of 1 billion 32 million yuan, for the focus on online cross-border export retail vertical business.

Hundred round pants industry said that through the paction, global Tesco will become a wholly-owned subsidiary, to create a listed company's online and offline resource linkage, and will enhance the company's profitability.

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< p > the restructuring plan has been touted by the capital market. According to "daily economic news" reporter statistics, the 100 round pants industry resumed trading in July 17th for 7 consecutive trading days. After a week of small shocks, it resumed the rally and then raised 3 trading positions. If the closing price of 15.06 Yuan before the suspension was calculated and the closing price of yesterday was 39.73 yuan, the company's stock price rose by 153.61% in less than a month after resumption.

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< p > in fact, in the 3 trading days before the reorganization and suspension of the 100 round pants industry, the company's shares suddenly changed dramatically, and the turnover suddenly increased: in April 2nd, the turnover was 21.92%, 3 days increased to 32.51%, and 4 days still had 18.93%.

During the 3 trading days, the stock price of 100 circles trousers industry increased by 12.3%, while that of small and medium sized companies rose by only 1.76% during the same period.

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Since P April 2nd, the 100 round pants industry has been on the list for the 17 time. Yesterday, it was bought 72 million 717 thousand and 500 yuan by the 5 business department and sold 97 million 508 thousand and 700 yuan.

Due to the April 2nd and 3 days before the suspension, the 100 round trousers industry continued to appear in the billboard, plus the handover before the suspension, and the turnover increased sharply. Therefore, some investors questioned whether the reorganization leaked the news beforehand and caused the fund to intervene in advance. < /p >

P > < strong > lawyer: there is a suspect in insider trading < /strong > < /p >

< p > an institutional trader told the daily economic news reporter that from the performance of the 100 round pants industry after the resumption of the card, the funds in advance intervened well, and the average price of the 14.5 yuan surprise attack was calculated, and the highest gain was about 1.74 times in 4 months.

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< p > in view of the above changes, the hundred round trousers industry also explained in the draft reorganization: the company believes that after excluding the influence of the market factors, the company's stock price rose 11.63% in the 20 trading days before the suspension. After excluding the influence of the retail sector factors, the company's stock price rose 13.17% in the 20 trading days before the suspension.

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"P >" to sum up, after excluding the influence of the large market and industry sectors, the company's stock has not increased by more than 20% within the 20 trading days before the suspension, and the stock price volatility has not reached the fifth standard related to the notice on regulating the information disclosure of listed companies and the actions of all parties concerned.

The cumulative increase in the 20 trading days of a company's stock before the publication of sensitive information that may affect the share price does not constitute a stock price paction.

Hundred circles trousers industry said in the plan.

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The draft P also said that the restructured trading parties, the placing objects and the relevant intermediaries had conducted self-examination and issued self-report reports, promising that there would be no disclosure of insider information and the use of this paction information for insider trading.

Moreover, the company has conducted self-examination of the relevant personnel buying and selling the listed company's stock, without insider trading.

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< p > for this, the insiders expressed different views. "In the 20 trading days, it may not be up to the relevant standards. However, from the 3 trading days before the suspension, the information displayed by the turnover volume, turnover rate, or stock gains will constitute a significant change in fact, indicating that there is a fund to take advantage of the information advantage and intervene ahead of time, so that there is suspicion of insider trading."

Wang Zhibin, director of Securities Division of Shanghai Jay Sai law firm, told the daily economic news reporter.

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< p > he thinks, "if there is insider trading, it is not based on the company's self-examination. If the larger scale capital is admitted in advance, there will always be detailed plans, and the trading chain will be more concealed." the determination of insider is generally based on whether it knows the information not yet disclosed in the stock market, not limited to the staff inside the company, but also the personnel who know the inside information because of the nature of their work or their duties.

The regulatory authorities have a full disclosure of the provisions of the securities regulatory authority under the State Council.

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< p > "if there is insider dealing, there are problems in the relevant areas, and it does not directly mean that there are problems with the listed companies.

The parties concerned include reorganizations, intermediaries, etc., according to the relevant provisions. If the insider trading subjects do not involve the listed companies themselves, the shareholders or the actual controllers of listed companies are the key subjects, but other subjects involved, it can be regarded as the elimination of influence and the resumption of audits.

Song Qinghui also pointed out to reporters.

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< p > on the current progress, according to the August 9th circular announcement of 100 circles trousers industry, the company has received the notice of acceptance of the administrative licensing application of the CSRC for this reorganization.

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< p > in August 14th, on the announcement of "a href=" http://www.91se91.com/news/index_cj.asp "> stock > /a > abnormal fluctuations, the hundred circles trousers industry emphasized again on the related risks in the draft reorganization. Second of them were" paction termination risks ", that is," the company has already formulated the internal information management system and controlled the insider information insider's scope of the paction, but there still exists the risk of suspending, terminating or cancelling the paction due to abnormal fluctuation of stock price or abnormal pactions which may be suspected of insider trading. "

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