On December 23, Sundy Land Investment Co.Ltd(600077) announced that Yu Jianwu, the actual controller, chairman and President of the company, received the decision on administrative punishment issued by the CSRC on December 22. Yu Jianwu was fined 110 million yuan on suspicion of insider trading.
Specifically, according to the decision on administrative punishment, the CSRC decided to confiscate Yu Jianwu’s illegal gains of 36.793 million yuan and impose a fine of 110 million yuan in accordance with the facts, nature, circumstances and degree of social harm of Yu Jianwu’s illegal acts and the provisions of article 202 of the securities law of the people’s Republic of China revised in 2005.
Sundy Land Investment Co.Ltd(600077) said in the announcement that this administrative punishment does not involve the company’s matters, but is a punishment decision for Yu Jianwu, chairman and President of the company. The stock trading in his personal account does not involve the company’s shares and will not affect the company’s daily production and operation activities. Up to now, all production and operation activities of the company are normal.
On January 23 this year, Sundy Land Investment Co.Ltd(600077) announced that Yu Jianwu, the actual controller, chairman and President of the company, was investigated by the CSRC on suspicion of insider trading.
(Beijing business daily)
