Core Viewpoint - The Shanghai regulatory authority has imposed a total fine of 1.1284 million yuan on former vice president of Hongdou Group, Yu Molin, for insider trading and leaking insider information regarding the transfer of controlling shares of Tongyong Co., Ltd [1][2][3] Group 1: Insider Information and Transactions - The insider information involved Hongdou Group's plan to transfer controlling shares of Tongyong Co., Ltd, which was initially intended to be transferred to Guangzhou Industrial Control but was later terminated. Ultimately, an agreement was signed with Jiangsu State-owned enterprise Suhao Holdings for 2.118 billion yuan to transfer 24.50% of shares [1][2] - The actual control of Tongyong Co., Ltd changed to the Jiangsu State-owned Assets Supervision and Administration Commission, with relevant information formed no later than October 16, 2024, and publicly disclosed on January 23, 2025 [1][2] Group 2: Legal Consequences - Yu Molin, as a legal insider, was aware of the information no later than October 20, 2024, and engaged in dual illegal activities during the sensitive period [3] - He leaked insider information to his brother-in-law, Wang Moujun, and used his niece's securities account to purchase 372,400 shares of Tongyong Co., Ltd from October 31 to December 24, 2024, resulting in a profit of 28,400 yuan [3] - The Shanghai regulatory authority fined him 500,000 yuan for leaking insider information and confiscated the illegal gains of 28,400 yuan, along with an additional fine of 600,000 yuan for insider trading, with the total amount due within 15 days [3]
涉泄露轮胎股权转让内幕信息,集团前高管被罚超112.8万