Chen long, the former chief strategy researcher, was arrested for insider trading and involved in the dispute over the liability for false statements in LETV securities, Zhongtai Securities Co.Ltd(600918) fell into a "troubled autumn".
On January 18, Zhongtai Securities Co.Ltd(600918) shares opened low and went low. Finally, they closed down 2.94% to 9.24 yuan / share, with the latest market value of 64.4 billion yuan.
In response to the rumor that Chen long, the former chief strategy researcher of Zhongtai Securities Co.Ltd(600918) was arrested for insider trading, Zhongtai Securities Co.Ltd(600918) responded to the reporter of the international finance news that Chen long had officially resigned from the company on November 12, 2021, and the company had no knowledge of the online communication.
With regard to the dispute over the liability for false statements of LETV securities, Zhongtai Securities Co.Ltd(600918) said that as one of the co lead underwriters of LETV's non-public offering of shares in 2016, it is not a sponsor. As the above cases have not yet been heard, the final amount involved is uncertain, and it is impossible to judge the impact on the current or future profits.
response to the rumor that the former chief was arrested
On January 18, five of the 52 brokerage concept stocks fell, Zhongtai Securities Co.Ltd(600918) shares opened low and went low, and finally closed down 2.94% to 9.24 yuan / share.
On the evening of January 17, a rumor from the microblog made a lot of noise. "The chief of a securities firm, the general manager of the quantification of public funds under a securities firm, and the relevant core employees of a large state-owned factory that just announced the manufacture of cars, jointly hyped to help grapefruit (hot money) take over the offer because of insider trading, and went into... A small group of 20 people."
Subsequently, some media reported that Chen long, the former chief strategy researcher of Zhongtai Securities Co.Ltd(600918) , was arrested or suspected of Manipulating Securities and insider trading.
In response to the online communication that "Chen long, former chief strategic analyst of the company, was involved in insider trading control", the Zhongtai Securities Co.Ltd(600918) responded to the reporter of the international finance news that Chen long had officially resigned from the company on November 12, 2021, and the company had no knowledge of the online communication.
The company involved is referred to as Chongqing Sokon Industry Group Stock Co.Ltd(601127) . In this regard, in the morning of January 18, Chongqing Sokon Industry Group Stock Co.Ltd(601127) urgently issued a Clarification Announcement, saying that it was concerned about the network rumors that the former person of a securities research institute and a public fund quantifier were suspected of Manipulating Securities and insider trading Huawei cooperative enterprises. Chongqing Sokon Industry Group Stock Co.Ltd(601127) verified the relevant contents and said that it did not know about the above matters and did not participate in relevant violations. At present, all the cooperation between Chongqing Sokon Industry Group Stock Co.Ltd(601127) and Huawei is normal. Today, Chongqing Sokon Industry Group Stock Co.Ltd(601127) shares rose by the limit in late trading.
involved in LETV dispute
The main reason behind the stock price decline was that Zhongtai Securities Co.Ltd(600918) received the civil complaint from the Beijing Financial court, and the investor proposed that LETV pay the plaintiff tort compensation for investment losses caused by false statements, totaling 4.571 billion yuan. Among them, Zhongtai Securities Co.Ltd(600918) and other defendants shall bear joint and several liability for losses.
LETV was listed on Shenzhen Stock Exchange on August 12, 2010 and delisted on July 21, 2020. After delisting, it will be transferred to the national share transfer system for small and medium-sized enterprises. On April 2, 2021, Beijing Securities Regulatory Bureau issued the decision on administrative punishment, which found that LETV had illegal acts such as false statements, and imposed administrative punishment on 15 defendants such as LETV and Jia Yueting.
In this lawsuit, the misrepresentation of facts mainly involves LETV's initial public offering and listing of shares in 2010, relevant documents, annual reports from 2010 to 2016, non-public offering of shares in 2016, etc. As a secondary market investor of LETV, the plaintiff believed that LETV's misrepresentation caused damage to its rights and interests, and asked LETV to bear civil liability for misrepresentation infringement; Jia Yueting and other 14 natural persons shall be jointly and severally liable for false statements; Three securities companies including Zhongtai Securities Co.Ltd(600918) and three accounting firms were jointly and severally liable for failing to exercise due diligence and failed to find the financial fraud of LETV.
Zhongtai Securities Co.Ltd(600918) said that as one of the co lead underwriters of LETV's non-public offering of shares in 2016, it is not a sponsor. As the above-mentioned cases have not yet been heard, the final amount involved is uncertain, and it is impossible to judge the impact on the current or future profits. Zhongtai Securities Co.Ltd(600918) at present, the financial situation is stable and the operation is normal. We will actively respond to the lawsuit according to law and timely perform the obligation of information disclosure on the progress of the case according to relevant regulations. Please pay attention to the investment risk.
