Yesterday, the China Securities Regulatory Commission's Beijing regulator announced an insider trading penalty. Zhang Jianrui, assistant general manager of the strategic investment department, told his wife, Du Xing, about the company's upcoming acquisition of Zhuhai Vision, Inc.(hereinafter referred to as Zhuhai Vision).
Zhang Jianrui, as assistant general manager of gravity media strategic investment department, has participated in the acquisition negotiation between gravity media and Zhuhai TV since the second half of 2016, and is responsible for due diligence, financial analysis, meeting minutes and so on, according to the Beijing Securities Regulatory Bureau.
March 9,2017, the general manager of the company's strategic investment department jiao jiaojun, zhang jianrui and zhuhai shitong head of the talks, research arrangements due diligence. Zhang Jianrui made the minutes of the meeting on the discussion. After that, hutchison and zhuhai zhitong shareholders hu comfort, li on the merger and acquisition matters were negotiated many times. And on March 23,2017, Zhang Jianrui joined the WeChat group set up by a military force called \"Tong Tong Tun \". Since april 2017, gravitation media and zhuhai shitong on the merger and reorganization of the formal negotiations.
On May 8,2017, Gravity Media signed the Investment Framework Agreement between Gravity Media Co., Ltd. and Zhuhai Visiontong Transcendental Culture Media Co., Ltd., with Hu Mou and Li Mou. May 23, gravity media announced the suspension of major asset restructuring. On july 8, gravity media announced that the company intends to buy a 100% stake in zhuhai via cash.
The Beijing Securities Regulatory Bureau said that gravity media's purchase of 100% of Zhuhai's equity is a \"decision of the company's material investment behavior and material acquisition of property\" as stipulated in paragraph 2 of Article 67 of the Securities Law.
That is, since March 9,2017, Zhang Jianrui knew that gravity media was about to buy inside information about Zhuhai TV. And he told his wife before du Xing through WeChat on April 1,2017, and in late April, Zhang Jianrui also sent electronic data such as contract information, advance receipt details and other electronic data through QQ to du Xingqian.
According to the Beijing Securities Regulatory Bureau, on March 23,2017, Zhuhai View agreed to gravity media to conduct due diligence on Zhuhai View, and her husband, Zhang Jianrui, joined the WeChat group set up by a certain army of the people. On the same day, his wife, du xing, used zhang jianrui's stock account to buy 1000 shares in gravity media and then bought the stock for several trading days. During the period from March 23 to April 17,2017, a total of 10,000 shares of gravity media were bought, with a purchase amount of about 10,000 yuan. And between March 23,2017 and March 7,2018, Gravity Media shares fell about%. Du Xingqian sold all of them between April 19,2017 and March 7,2018, losing about 10,000 yuan.
The China Securities Regulatory Commission's Beijing regulator believes that during the sensitive period of insider information, Zhang Jianrui leaked insider information to the former du Xing. Before du xing illegally obtained insider information from zhang jianrui, it used \"zhang jianrui\" account to trade \"gravitational media\" behavior to coincide with the formation of insider information. Finally, according to Article 202 of the Securities Law, Zhang Jianrui and Du Xing were fined 150,000 yuan respectively.