There are also relatives of listed companies who have triggered regulatory action because of the trading of their own company stocks!
Huace Film and Television (300133) announced on the evening of April 30 that the company recently received the "Decision on Taking Regulatory Talk Measures against Xia Xincai" (hereinafter referred to as the "Decision") issued by the Zhejiang Supervision Bureau of the China Securities Regulatory Commission.
According to the "Decision Letter", the securities account of Rui Caiping, the spouse of Xia Xincai, director of Huace Film and Television, bought 16,300 shares of the company's shares on April 23, 2024, with a transaction amount of 118,175 yuan, and sold 16,300 shares of the company's shares on April 24, 2024, with a transaction amount of 116,708 yuan.
The Zhejiang Securities Regulatory Bureau stated that the above-mentioned trading of the company's shares constituted short-term trading, which violated Article 44 of the Securities Law, and the Zhejiang Securities Regulatory Bureau decided to take supervision and management measures against Xia Xincai, and recorded it in the integrity file of the securities and futures market. The Zhejiang Securities Regulatory Bureau required Xia Xincai to bring a valid identity document to the bureau for a regulatory interview on May 9, 2024.
Previously, Huace Film and Television announced on the evening of April 26 that according to the provisions of the Securities Law, due to the fact that Rui Caiping sold the company's shares within six months after buying them, some of the above-mentioned transactions constituted short-term trading. The short-term trading income is -1467 yuan.
After verification, this transaction is an investment behavior made by Rui Caiping based on her independent judgment of the secondary market, and she has not sought any advice or advice from Xia Xincai on the transaction. There is no trading of the company's shares due to the acquisition of inside information, nor is there any use of inside information to trade for profit.
According to the announcement, Xia Xincai and his spouse Rui Caiping have been deeply aware of the seriousness of this matter and sincerely apologize to investors for the adverse impact caused by this short-term transaction.
Because of the above matters, Huace Film and Television received a regulatory letter from the Shenzhen Stock Exchange on April 30.
The regulatory letter pointed out that Xia Xincai, as a director of the company, failed to urge his spouse to trade Huace Film and Television shares in compliance with regulations, which violated Articles 1.4 and 2.3.1 of the Rules Governing the Listing of Stocks on the Growth Enterprise Market (Revised in August 2023). The Shenzhen Stock Exchange hopes that it will earnestly learn a lesson and prevent the recurrence of the above problems.
Source: Reading and Entrepreneurship