China Economic Weekly-Economic Net News (Reporter Zheng Yangbo)**The female "stock king" who earned 11 million yuan was judged to be insider trading, but instead took out 33 million yuan.
Recently, the Fujian Supervision Bureau of the China Securities Regulatory Commission issued an administrative penalty decision, Menova (603538SH) Chairman and President Yao's ex-wife Zhang Yongji, "divorce compensation" insider trading Menova** earned 11.01 million yuan, and the Fujian Securities Regulatory Bureau decided to confiscate Zhang Yongji's illegal gains and impose a fine of twice as much, totaling 33.04 million yuan.
According to the "Administrative Penalty Decision", Menova signed a ten-year strategic cooperation agreement with a subsidiary of Merck & Co., Ltd. of the United States, and this inside information was announced after April 22, 2021, and the stock price has been limited on the same day, and the next day after the news is announced, the stock price has been limited for 3 consecutive days, with a total of **30%. By April 30, the stock price had risen by 40% in 9 days.
During this period, if you can sell before the announcement of Menova's inside information, and sell it after the news is announced, such an operation can make money, and Zhang Yongji operates this way.
Public information shows that between January 26 and April 22, 2021, Zhang Yongji changed his ** trading Xi, one-way concentration of funds **Menova**, the trading volume was significantly enlarged, the transaction was abnormal, and the cumulative **40570,000 shares, with a turnover of 12.22 million yuan. As of November 8, 2022, a total of 40570,000 shares, cleared, with a profit of 11.01 million yuan. In this operation, Zhang Yongji's ** yield this time is 90%, which is higher than most shareholders and some ** managers.
Zhang Yongji operates the Menova** timeline).
The Fujian Securities Regulatory Bureau announced the close relationship between Zhang Yongji and Menova.
Zhang Yongji is a middle school classmate of Yao, chairman and president of Menova, and the two registered their marriage in July 2000. In December 2002, the parties divorced through court mediation. There are 2 co-owned properties registered after the divorce.
During this period, Zhang Yongji repeatedly demanded that Yao pay money in the name of living expenses. Zhang Yongji**Account**Menova**Most of the funds,**During the sensitive period of inside information, Yao paid 25 million yuan in the name of divorce compensation.
During the period involved in the case, in order to take care of the daughters of the two and other reasons, Zhang Yongji lived in the real estate under the name of a wholly-owned subsidiary of Menova, which was the same elevator space as Yao's residence in Ningbo, and the two residences were located next door and opposite the door.
Zhang Yongji once sent a text message to Yao, and the content of the text message included, ** I have eaten it all according to your meaning, and I need to rely on you to prompt you if you can't earn it.
According to the Administrative Penalty Decision, Yao led and participated in the negotiation and decision-making process of the conclusion of the aforementioned important contract.
Zhang Yongji, however, argued that he was neither an insider nor an insider of inside information, nor had he illegally obtained inside information, nor did he have a close relationship with the insider, and had no contact or contact with the insider during the sensitive period.
However, the Fujian Securities Regulatory Bureau did not accept Zhang Yongji's statement and defense opinions, and held that evidence such as the residence of the two people during the case was located next door and opposite the door, as well as the content of mobile phone WeChat, could prove that they had convenient conditions for obtaining inside information. In addition, Zhang Yongji's large amount of **Meinova** funds are mainly from Yao.
In the end, the Fujian Securities Regulatory Bureau decided to confiscate Zhang Yongji's illegal gains and impose a fine of twice as much, totaling 33.04 million yuan.