www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

CHINA> Regional
Man on trial for major securities insider trading
(Xinhua)
Updated: 2008-07-19 16:35

GUANGZHOU -- Dong Zhengqing, former president of China's sixth largest brokerage, went on trial for insider trading in this south China city on Friday, denying all charges and his earlier confession with police.

Dong was accused of tipping off the Guangfa Securities' reverse-merger listing on the Shenzhen Stock Exchange (SZ) to his younger brother Dong Dewei and former classmate Zhao Shuya, who were tried in the same case at Tianhe District Court in Guangzhou.

The three defendants denied their culpable confessions in court, saying they made those statements under intimidation and inducement by police.

The brokerage went public on reverse merger of the Yan Bian Road, a SZ-listed stock on June 2, 2006.

The market speculation on the Guangfa Securities' back-door listing drove up the Yan Bian Road stock, which hit 11 limit-ups at the bourse between March and June 3. The share price rose from 2.86 yuan ($0.4) to 8.06 yuan during the period.

Dong insisted in court that he was not involved in the listing procedure. On June 2, 2006, he was on business trip to southern Yunnan Province.

He said that the listing was conducted by two of his partners. He only got to know the listing during his trip. Before it, the company had had several other choices for the reverse merger.

Dong reasoned that since he was not involved in the trade, there was no way that he could have tipped it off as early as in February, 2006, when his relatives began to make purchases of the Yan Bian Raod stock.

Dong Dewei and Zhao Shuya were charged for profiteering 50 million yuan and 1 million yuan, respectively, from selling the stock afterwards.

Both of the two denied in court that they bought the stock after a tip-off from Dong, as they had previously confessed in police interrogations.

Dong Dewei said in court that he foresaw the potential of the Yan Bian Road stock early in February, 2006, and made several purchases of the stock, or 14.57 million shares in total at 70 million yuan to his personal account without consulting his brother.

The court heard the testimonies of several Guangfa executives, who said that though the former president Dong did not conduct the trade in person, he played the pivotal role in key decision-makings.

A court source said that the defendants' withdrawal of their former confessions made the case more complicated and prolonged the trial.

The Guangdong provincial government launched investigations on Dong and his relatives involvement in the back-door listing in June, 2007. Dong was arrested by police later in July.

 

 

主站蜘蛛池模板: 成人爽爽大片在线观看 | 亚洲视频自拍 | 久青草免费视频 | 国产在线观a免费观看 | 三级黄毛片 | 欧美一区二区三区免费不卡 | 蜜臀91精品国产高清在线观看 | 美女精品永久福利在线 | 怡红院日本一道日本久久 | 91久久国产露脸精品免费 | 日韩久久一级毛片 | 久久精品国产免费一区 | 久久久国产成人精品 | 亚洲综合国产一区在线 | 亚州视频一区 | 国产成人精品福利站 | 亚洲人成亚洲人成在线观看 | 99精品国产免费久久国语 | 久久久精品2018免费观看 | 99在线精品视频 | 欧美一区永久视频免费观看 | 国产片91| 亚洲精品第一区二区在线 | 欧美一级特黄aa大片 | 激情宗合网| 中文字幕人成乱码在线观看 | 精品视频在线观看一区二区三区 | 精品免费久久 | 国产亚洲精品久久精品6 | 中国黄色一级毛片 | 日韩精品一区二区三区 在线观看 | 国产精品不卡无毒在线观看 | 国产99视频在线观看 | 亚洲成a人片在线网站 | 成人软件18免费网站 | 一级做a爱过程免费视频时看 | 欧美一级精品 | 九九热精品在线 | 亚洲视频免费在线观看 | 色老久久精品偷偷鲁一区 | 亚洲一区 欧美 |