Suspected securities market manipulation of Jintuo Co., Ltd., chairman of the board is on file for investigation

Jintuo announced on the evening of October 28 that Wu limited, the controlling shareholder, actual controller and chairman of the board of directors of the company received the investigation notice from the CSRC. Because he is suspected of securities market manipulation, the China Securities Regulatory Commission decided to file a case against him. According to Jintuo, the above-mentioned investigation items are for Wu limited’s personal investigation and have nothing to do with the listed company. During the investigation period, Wu can still perform his duties normally and the board of directors of the company can also operate normally. The company’s daily operation and management is in the charge of the company’s management. At present, the operation and management, business and financial conditions are normal, and this matter will not affect the company’s daily production and operation activities. < p > < p > according to public data, Wu was born in May 1968, majoring in metallurgy. He once worked in Guizhou ferroalloy factory and Japan Electronics. He founded Jintuo Industrial Co., Ltd. in 1996, served as the chairman of Jintao automation equipment Co., Ltd. since 2005, and served as the director of Jintuo Co., Ltd. since 2010. As of the third quarter report data, Wu limited directly held 79.729 million shares of the company, with a shareholding ratio of 32.86%, of which 45.3 million shares were in pledge. Before that, the most eye-catching news of Jintuo shares was the “cabbage price” employee stock ownership scheme. On the evening of September 21, Jintuo shares disclosed its employee stock ownership plan and planned to transfer part of the shares already repurchased in the company’s special repurchase account at 3 yuan / share. The average price of the company’s previously repurchased shares was about 16.9 yuan / share. In this regard, the Shenzhen stock exchange immediately issued a letter of concern. Jintuo said in its reply that the company urgently needs to stabilize the talent team at this stage of development, increase the discount of the transfer price, and achieve better implementation effect with less shares; it has also set up a locking period and restraint mechanism, with incentives and constraints being equal, and the above transfer price conforms to relevant regulations. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. The State Administration of press and publication of the State Council is the key website of the State Administration of press and publication. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.