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Natural person Guan Xudong leaked insider information and engaged in insider trading, fined and confiscated over 17 mill…

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The China Securities Regulatory Commission (CSRC) imposed administrative penalties on Guan Xudong for insider information leakage and insider trading, with a total fine exceeding 17 million yuan. During August 2022, Guan Xudong used insider information to purchase "HSJN" stocks, accumulating a total of 926,000 shares and making a profit of over 2 million yuan. Ultimately, the CSRC fined him 5 million yuan and confiscated illegal gains along with additional fines

The China Securities Regulatory Commission recently issued an administrative penalty decision, stating that Guan Xudong learned from others about Xu Moudong's acquisition of Huangshan Capsule's equity progress and informed several individuals, including Song Moucai, Yu Mou, Ding Moubin, and Chen Mou, of the insider information between August 15 and 26, 2022. During the sensitive period of the insider information, Guan Xudong controlled and used his personal account to cumulatively purchase 926,000 shares of "Huangshan Capsule" for a total of 7,445,245.00 yuan. He used the account "Di Moxian" to cumulatively purchase 1,548,507 shares for a total of 12,511,860.32 yuan. He used the account "Yang Moujiong" to cumulatively purchase 134,000 shares for a total of 1,079,000.00 yuan. He made a total profit of 2,085,760.39 yuan. The China Securities Regulatory Commission decided to impose a fine of 5,000,000 yuan on Guan Xudong for leaking insider information; for his insider trading behavior, the illegal gains of 2,085,760.39 yuan will be confiscated, and a fine of 10,428,801.95 yuan will be imposed

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