JDM(SH:603088) Xin Lang Cai Jing·2025-06-26 07:40Core Points - The case involves insider trading by Wang Mouyu and Chen Mouke related to Ningbo Jingda Forming Equipment Co., Ltd. (Ningbo Jingda) during the acquisition discussions with Wuxi Weiyan [2][4] - Wang Mouyu, an insider, and his wife Chen Mouke used another person's securities account to trade Ningbo Jingda's stock, resulting in illegal profits of 65,364.50 yuan [16][18] - The regulatory authority, Jiangxi Securities Regulatory Bureau, imposed a total fine of 600,000 yuan on both individuals, significantly exceeding their illegal gains [4][16] Summary by Sections Basic Case Facts - In 2023, Ningbo Jingda's honorary chairman Zheng Moucai learned about Wuxi Weiyan's intention to transfer control and initiated discussions with Huatai United Securities [2] - Wang Mouyu, as an insider, engaged in multiple communications regarding the merger and acquisition, leading to insider trading activities [2][4] Insider Trading Details - Wang Mouyu and Chen Mouke conspired to use another person's account for trading Ningbo Jingda's stock after Wang became aware of insider information [16][18] - The trading occurred during a sensitive period, with significant transactions made on April 18 and 19, 2024, resulting in a total investment of 675,430 yuan [18] Regulatory Actions - The Jiangxi Securities Regulatory Bureau found that the actions of Wang Mouyu and Chen Mouke violated the Securities Law, leading to the confiscation of their illegal profits and substantial fines [4][16][19] - The case highlights the regulatory body's strict stance against insider trading and the importance of compliance among market participants [4][16]