Chinese Securities Watchdog Warns Yihao New Materials Over Short-Term Trading of Director's Relative
The China Securities Regulatory Commission warned Ganzhou Yihao New Materials (SHE:301176) after an independent director's relative committed short-trading violations, a Wednesday filing on the Shenzhen Stock Exchange said.
A probe found that Leng Jinfeng, a relative of independent director Leng Daguang, bought 12,200 shares in the company for 269,041.26 yuan between July 9 and July 11 and sold them for 272,975.38 yuan, earning a profit of 3,934.12 yuan.
Leng Daguang was not aware of the transaction, which was an independent investment action.
The Chinese electronic components manufacturer, as well as Leng Daguang, apologized for the breach after the CSRC sent them a warning letter.
Shares of the company dropped more than 2% at the close.
Price (RMB): ¥16.46, Change: ¥-0.36, Percent Change: -2.14%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。