The follow-up of the Industrial Bank limit event is coming!
On the evening of January 6, in response to the straight line limit at the end of the last trading day of 2023, the Shanghai Stock Exchange issued the Circular on the Implementation of Measures such as Restricting Trading of Securities Accounts under the Name of Fujian Port Group Co., Ltd. and its Four Subsidiaries (hereinafter referred to as the "Circular").
According to the Circular, Fujian Port Group Co., Ltd. (hereinafter referred to as Fujian Port Group) declared a large transaction at a price that significantly deviated from the latest trading price of the stock at the closing stage on December 29, 2023, resulting in the end of the trading limit of Industrial Bank. The Shanghai Stock Exchange pointed out that the abnormal trading behavior seriously disrupted the normal trading order of the market and the violations were serious, and decided to publicly reprimand Fujian Port Group and impose disciplinary sanctions on the securities accounts under the names of Fujian Port Group and its four subsidiaries for 6 months.
Source: Shanghai Stock Exchange Weibo
At the end of last year, the stock price of Industrial Bank closed straight to the limit
The Shanghai Stock Exchange announced that it would conduct in-depth inspections and take measures
On December 29, in the final call auction stage, Industrial Bank (601166. SH) share price rose by 9.97% to close at 16.21 yuan, with a turnover of 133082 lots and a bidding turnover of 216 million yuan, after an increase of only 0.27%, which attracted the attention of the majority of investors.
Industrial Bank stock price trend on December 29, 2023.
On the same day, a reporter from Nandu Bay Finance Society called the investor relations hotline of Industrial Bank, and the relevant staff said that the bank did not participate in market behavior, and after internal verification, there was no information that should be disclosed but was not disclosed.
Subsequently, the "Shanghai Stock Exchange Release" Weibo issued a notice on the abnormal trading situation of the closing call auction of Industrial Bank shares on December 29, 2023: after preliminary verification, it was caused by an investor's large-scale declaration of transaction at a price that significantly deviated from the latest transaction price of the stock. The SSE will conduct further in-depth verification of the relevant situation and take corresponding measures based on the verification results.
In the past four months, he has increased his holdings of more than 500 million shares of Industrial Bank
It is reported that Fujian Port Group is also the protagonist of the previous increase in the shares of Industrial Bank.
On the evening of December 10, 2023, IB announced that from August 1 to November 30 of that year, based on its confidence in the bank's future development, Fujian Port Group and its subsidiaries increased their holdings of 559 million shares of the bank through centralized bidding through the Shanghai Stock Exchange trading system.
As of November 30, 2023, Fujian Port Group and its subsidiaries held 581 million shares of Industrial Bank on a consolidated basis, accounting for 2.80%. Among them, Fujian Port Group holds 439 million shares of Industrial Bank, accounting for 2.11%, its subsidiary Xiamen Port Holding Group holds 59.6746 million shares of Industrial Bank, accounting for 0.29%, Fuzhou Port Group, a subsidiary holds 52.4748 million shares of Industrial Bank, accounting for 0.25%, Fujian Shipping Group, a subsidiary holds 24.4825 million shares of Industrial Bank, accounting for 0.12%, and Fujian Transportation Group, a subsidiary, holds 5.75 million shares of Industrial Bank, accounting for 0.03%.
According to the official website of Fujian Port Group, the group is an important backbone enterprise in Fujian Province, focusing on the construction and operation of port and terminal infrastructure, the development and operation of port parks, road transportation, water transportation and other transportation-related supporting services, as well as modern logistics and commercial trade, and cultivating and developing collaborative businesses such as port and shipping engineering construction and professional technical services. In addition, Fujian Port Group has a listed company, Xiamen Port Development Co., Ltd. (stock code: 000905).
Attached: The full text of the Shanghai Stock Exchange's "Notice on the Implementation of Measures such as Restricting Trading on Securities Accounts under the Name of Fujian Port Group Co., Ltd. and Its Four Subsidiaries".
On December 29, 2023, during the closing call auction stage, the securities account under the name of Fujian Port Group Co., Ltd. declared a large transaction at a price that significantly deviated from the latest trading price of the stock in the process of trading Industrial Bank (601166), which constituted an abnormal trading behavior of pulling up the stock price during the closing call auction stage. Since January 2, 2024, the Shanghai Stock Exchange has taken urgent regulatory measures to suspend the trading of securities accounts under the names of relevant investors in accordance with regulations.
After investigation, the above-mentioned abnormal trading behaviors seriously disrupted the normal trading order of the market, and the violations were serious. After review by the Disciplinary Committee of the Shanghai Stock Exchange, it was decided to publicly reprimand Fujian Port Group Co., Ltd. and impose disciplinary sanctions on the securities accounts under the name of Fujian Port Group Co., Ltd. and its four subsidiaries for 6 months. At the same time, the SSE ordered Fujian Port Group Co., Ltd. to publicly explain and conduct regulatory interviews with Fujian Port Group Co., Ltd., and required relevant entities to submit a letter of commitment for compliance trading.
The Shanghai Stock Exchange will adhere to its main responsibility and main business of supervision, strengthen the supervision of abnormal transactions, continue to maintain a high-pressure posture against illegal trading behaviors that disrupt market order, and effectively maintain trading order. At the same time, investors are once again reminded to participate in transactions in compliance and prudence.
Written by: Liu Changyuan, reporter of Nandu Bay Finance Society
It was previously reported that Industrial Bank staged a rare change at the end of the session! The latest report of the Shanghai Stock Exchange is here