TIP Group(SH:605255) Di Yi Cai Jing·2025-09-18 22:46Core Viewpoint - Tianpu Co., Ltd. (605255.SH) faced scrutiny over insider trading allegations involving four individuals who purchased shares prior to the public announcement of a control transfer, leading to significant stock price increases [1][2][3] Group 1: Insider Trading Allegations - Four insider information holders, including spouses of company directors and the indirect shareholders of the acquiring party, bought shares between February 14 and August 14, prior to the public announcement of the control transfer [1][3] - The stock price of Tianpu Co., Ltd. surged dramatically after the announcement, achieving a 12-day consecutive limit-up [1][2] - The company claims that the trading activities of these individuals occurred before the formation or knowledge of insider information, denying any insider trading [1][7] Group 2: Trading Activities and Timing - Li Zhiyi and his spouse Li Huiyun made multiple purchases, with the last purchase occurring just eight days before the control transfer announcement [2][12] - Li Huiyun's trading activity included six purchases from mid-July to early August, with significant amounts invested, totaling approximately 1.6 million yuan [6][12] - The trading patterns of the insiders raised questions about the timing and knowledge of the control transfer, especially given the substantial gains realized post-announcement [12][19] Group 3: Market Reaction and Regulatory Response - Following the announcement of the control transfer, Tianpu Co., Ltd.'s stock price increased from approximately 26.6 yuan to 83.6 yuan, marking a rise of over 200% [13][19] - The Shanghai Stock Exchange reported abnormal trading behaviors that misled investors, leading to regulatory actions against certain accounts [19] - The company has faced inquiries regarding the potential leakage of insider information and the involvement of other unknown insiders in the trading activities [16][19]