TIP Group(SH:605255) 第一财经·2025-09-18 15:58Core Viewpoint - The article discusses the insider trading activities related to Tianpu Co., Ltd. (605255.SH) prior to its control transfer announcement, highlighting the involvement of insider information holders who made significant stock purchases before the public disclosure of the acquisition [3][12]. Group 1: Insider Trading Activities - Four insider information holders, including spouses of company executives and an indirect shareholder of the acquiring company, purchased shares between February 14 and August 14, prior to the public announcement of the control transfer [3][7]. - The stock price of Tianpu Co. surged dramatically after the announcement, achieving a 12-day consecutive limit-up, with the stock price increasing from 26.6 yuan to 83.6 yuan, a rise of over 200% [18][22]. - The company claims that the trading activities of these individuals occurred before the formation or knowledge of insider information, asserting that no insider trading took place [13][18]. Group 2: Trading Details of Insider Holders - Li Zhiyi and Li Huiyun, a couple, made substantial purchases, with Li Huiyun executing six trades in a month, accumulating a total investment of approximately 1.6 million yuan [11][12]. - The trading activities of other insiders, such as Shu Shanyue and Chen Yanqu, were less significant in terms of volume and timing, with their trades occurring earlier and involving smaller amounts [9][11]. - The article details specific transactions, including the amounts and dates of purchases, indicating a pattern of strategic buying leading up to the control transfer announcement [8][11]. Group 3: Market Reactions and Regulatory Actions - Following the stock's rapid increase, the Shanghai Stock Exchange reported abnormal trading behaviors that misled investors, leading to self-regulatory measures against certain accounts [22]. - The article raises questions about the timing and decision-making processes behind the control transfer, suggesting potential undisclosed interactions prior to the public announcement [19][20]. - The involvement of mysterious buyers who also made significant purchases before the announcement is noted, indicating a broader pattern of speculative trading around the stock [21][22].