China News Client Beijing, June 25 (Xie Yiguan) fined more than 3.6 billion yuan! The case also involved Tencent founder Ma Huateng and Zhongan Insurance chairman Ou Yaping.
On June 24, the case of insider trading of “Healthy Yuan” shares disclosed by the Securities Regulatory Commission of Wang Yaoyuan and Wang Yanzheng (both father and daughter) attracted great attention from the Internet. The fine of more than 3.6 billion yuan has also set a new record of administrative fines for A shares involving a single stock!
The CSRC made a punishment decision in the case of Wang Yaoyuan and Wang Yanzhang's insider trading of "Healthy Yuan" stocks.
The father and daughter operate 21 accounts and earn a net of 900 million in half a month
According to the notification of the China Securities Regulatory Commission, this case is a typical contact and contact type insider trading administrative violation.
The "China Securities Regulatory Commission Administrative Penalty Decision (Wang Yaoyuan, Wang Yanzheng)" shows that the parties involved: Wang Yaoyuan, male, born in March 1958; Wang Yanyuan, female, born in February 1984. The addresses of both are on Longxi Road, Shanghai.
During the sensitive period of inside information, Wang Yaoyuan and Wang Yanzheng used 21 accounts such as "Wang Yaoyuan", "Wang Yanyuan" and "Shen Mourong" to buy "Healthy Yuan" in large quantities. The account involved in the case began to buy a large amount of "health yuan" from March 16, 2015. As of April 1, a total of 88,631,885 shares were purchased, with a purchase amount of 1008537292.86 yuan, 13813053 shares were sold, and the sale amount was 184508346.43 yuan. 74,818,832 shares with a net purchase amount of 824,028,946.43 yuan.
After calculation, the profit of the account involved in the purchase of "Healthy Yuan" during the sensitive period of inside information in this case was 906362681.39 Yuan.
Except for the "Wang Xuanzheng" and "Xie Moukang" accounts, the other involved accounts are the first time to buy "healthy yuan" in the sensitive period of inside information, and the amount of purchase is huge. At the same time, there are generally concentrated sales of other stocks. ”Situation, the willingness to buy is very strong, and as the certainty of inside information increases, the transaction volume is further enlarged.
Insider trading with the information of "Ma Huateng's healthy shares in shares"
The case of Wang Yaoyuan and Wang Yanzhang's insider trading of "Healthy Yuan" stocks must start from Ma Huateng's purchase of Health Yuan in 2015.
According to the disclosure of the China Securities Regulatory Commission, at the end of 2014, Zhu Muguo, the actual controller of Health Yuan, planned to reduce the shares of Health Yuan held by Hongxin Bank (the second largest shareholder of Health Yuan), and asked Qiu Moufeng, director of Health Yuan to reduce the shares. Relevant policies and methods.
In mid-to-early February 2015, Ou Mouping expressed to Zhu Mouguo that he was willing to help him reduce his holdings of healthy yuan stocks. Taking into account Tencent's influence, Zhu Mouguo proposed to Ma Mouteng in February and March 2015 that Tencent should invest in Health Yuan. Ma Mouteng agreed to use his investment company in Hong Kong to help transfer some Health Yuan shares. During this period, Ou Mouping and Ma Mou Tenggou helped reduce the holding of Zhu Mouguo.
On the afternoon of March 14th, Zhu Mouguo and Ou Mouping communicated about the reduction of Hongxin Bank's holding of healthy yuan stocks during the meeting. During the talks, Zhu Mouguo sent WeChat to Qiu Moufeng to ask Hongxin Bank about the remittance of funds to Hong Kong after the reduction. .
On the evening of March 24, Zhu Mouguo, Ou Mouping, and Ma Mouteng reached an agreement in Hong Kong that Ou Mouping and Ma Mouteng participated in the reduction of the shares of Health Yuan in Hongxin Bank. Ma Mouteng entrusted Ou Mouping with specific operations . The occasion of this gathering was Zhongan Insurance's successful financing reception. Wang Yaoyuan was also invited to attend the reception and met with Zhu Mouguo, Ou Mouping, Ma Mouteng and others.
From then on until April 1, Ou Mouping and Zhu Mouguo agreed on a framework plan for the entire Hongxin Bank to reduce its holdings, including the transfer price, transfer quantity, and transfer method.
At 3 pm on April 1st, Zhu Mouguo's WeChat informed Qiu Moufeng that Hongxin Bank had decided to reduce its holdings of Health Yuan shares. Upon application, the shares of Health Yuan Company will be suspended from April 2nd.
On April 4, 2015, Health Yuan issued the "Announcement on the Intention of the Second Largest Shareholder of the Company to Transfer the Company's Shares, etc.", disclosing the transfer of the shares of Health Yuan held by Hongxin Bank and the transfer of the shares held by Hongxin Bank's shareholders Some Hongxinxing companies intend to have all the issued rights and interests.
Screenshot of Health Meta Announcement.
Specifically: Hongxin Bank transfers 2.59%, 4.40%, and 4.66% of Health Yuan to Shi Moujun, Gao Mou, and Tang Mou at the price of 13 yuan/share; all shareholders of Hongxin Bank will transfer all the shares held by Hongxin Bank To Miao Feng Co., Ltd. (Ou Mouping actual control), Advance Data Services Limited (Ma Mou Teng actual control), after the completion of the transfer, Ou Mouping and Ma Mouteng indirectly held 74.394184 million shares of health through Hongxin Bank, accounting for 4.81% of the total share capital of Health Yuan.
The China Securities Regulatory Commission believes that the inside information of the case, namely the reduction of Hongxin Bank’s shareholding and equity transfer information, was formed no later than March 14, 2015, and was released on April 4. Zhu Mouguo, Ou Mouping, Ma Mouteng, etc., as relevant parties, participated in the motion and planning of the reduction of shareholding matters, and were insiders of inside information.
Who are Zhu Mouguo, Ou Mouping and Ma Mouteng mentioned in the CSRC's Administrative Penalty Decision?
According to the announcement of Health Yuan and the enquiry of Tianyan check, the actual controller of Health Yuan is Zhu Baoguo; the actual controller of Advance Data Services Limited is Ma Huateng; the actual controller of Miaofeng Co., Ltd. is Ou Yaping, and Ou Yaping is also the chairman of Zhongan Insurance. Zhongan Insurance consists of Ma Yun, Ma Huateng and Ma Mingzhe were jointly invested and founded in 2013.
How did Health Insider’s insider trading information leak ?
Wang Yaoyuan advocated that he was not an insider of inside information, nor did he illegally obtain inside information. Zhu Mouguo, Ma Mouteng, and Ou Mouping's equality records also show that the parties and Wang Yaoyuan have not passed the insider information of health yuan reduction during the sensitive period of insider information.
However, according to the details of the case disclosed by the China Securities Regulatory Commission, during the sensitive period of inside information, Wang Yaoyuan and Ou Mouping called 5 times, the specific dates were March 14, 2015, 17, 17, 21, and 25 March 2015.
For example, Wang Yaoyuan talked with Ou Mouping on the afternoon of March 14 for 57 seconds, and Wang Yaoyuan talked with Ou Mouping on the afternoon of March 15 for 9 minutes and 13 seconds. The accounts involved in the case began to buy a large number of healthy yuan stocks on March 16; March 25 In the morning, Wang Yaoyuan talked with Ou Mouping for 2 minutes and 20 seconds, and since then the relevant accounts have further increased their buying volume.
"The above facts, evidence of health yuan announcement and related information, relevant securities account information, bank account information, inquiry records, call records, electronic equipment forensics information, profit calculation results and other evidence are sufficient to confirm." The CSRC said.
Data Map: China Securities Regulatory Commission. China News Agency reporter Zhang Hao
Therefore, the China Securities Regulatory Commission believes that the parties are optimistic about the fundamentals of Health Yuan Company regarding its stock trading experience and research capabilities, and that the Health Yuan Announcement on March 3, 2015 is planning an equity incentive plan, and that the relevant media published on March 25 is optimistic The reasons such as the article of Health Yuan Stock are obviously not enough to make a convincing explanation for the aforementioned obviously abnormal trading behavior.
Based on the above situation, the China Securities Regulatory Commission stated that Wang Yaoyuan was in contact with insider information insiders Ou Mouping and Zhu Mou within the sensitive period of inside information, and he had the means to obtain inside information, and integrated the facts and evidence of the whole case. Wang Yaoyuan, Wang Yanzhang could not make a reasonable explanation for the aforementioned obviously abnormal trading behavior, nor could he provide evidence to exclude insider trading, and believed that it constituted insider trading with sufficient facts and legal basis. (Finish)