Vice President of Foshan Lighting was subjected to administrative punishment by the Securities and Futures Commission for insider trading

On the evening of September 23, Foshan Lighting announced that the company received an administrative penalty decision from the China Securities Regulatory Commission on September 20. The decision was sent to Foshan Lighting Deputy General Manager Zou Jianping, Zhang Minzhi (Zou Jianping's wife), Zhou Xingfu. (Zou Jianping's son-in-law) and others made administrative penalties for the company's use of insider information for stock trading during the company's plan to promote investment in new energy projects in 2009.

According to the announcement, Zhang Minzhi’s account bought a total of 13,000 shares of “Foshan Lighting” on July 20 and September 9, 2009 by telephone or online order, and then on October 20 and November 3. All sold on November 5, profiting 9622.54 yuan. On July 13 and September 9, 2009, Zhou Xingfu’s account bought a total of 42,200 shares of “Foshan Lighting” through online and mobile phone orders, and all of them sold for a profit of 23,726.06 yuan. The CSRC decided to impose a fine of 100,000 yuan on Zou Jianping, a fine of 50,000 yuan on Zhang Minzhi, and a fine of 30,000 yuan on Zhou Xingfu.

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