Conspiracy to manipulate stock prices to make tens of millions of yuan, Jinxin Nongyuan holding shares...

After more than a year, the CSRC's investigation into Zhoushan Dacheng Xinnong Equity Investment Partnership (Limited Partnership) (referred to as "Dacheng Xinnong"), a shareholder of the listed pig company Jinxinnong holding more than 5% of the shares, finally came to a conclusion

Shell Finance reporters sorted out the information and found that Dacheng Xinnong was the controlling shareholder of Jinxinnong.

On the evening of January 13, 2022, Jin Xinnong disclosed the announcement that shareholders holding more than 5% of the shares received the "Decision on Administrative Penalty" from the China Securities Regulatory Commission

The "Decision on Administrative Punishment" shows that since 2018, the share price of Jinxinnong has continued to fall, and the proportion of its original controlling shareholder Dacheng Xinnong's equity pledge has continued to rise

In August 2018, Wang Jianneng and Dou Xiaoyu reached a cooperation with the goal of maintaining the share price of Jinxinnong above the closing line of equity pledge.

From August 20, 2018 to February 22, 2019 (hereinafter referred to as the manipulation period), Dou Xiaoyu controlled the use of "Dou Xiaoyu", "Gong Mouping", "Huang Mouguo" and a total of 36 securities accounts, Dacheng Xinnong controlled the use of "Dou Xiaoyu", "Gong Mouping" and "Huang Mouguo".

In order to maintain the share price of "Jinxinnong", Wang Jianneng transferred a total of 10 million yuan to the bank account designated by Dou Xiaoyu from August 20, 2018 to September 19, 2018, as a trading margin.

From August 20, 2018 to February 22, 2019, Dacheng Xinnong and Dou Xiaoyu concentrated their capital advantages and shareholding advantages, and affected the "Jin Xinnong" transactions through continuous trading and transactions between accounts they actually controlled.

The details show that among the 122 trading days during the manipulation period, the number of trading days of the account group was 121 days, of which the number of trading days with buying behavior was 109 days, and the number of trading days with selling behavior was 99 days; There was a reverse situation on the trading day, with a total trading volume of more than 5.

According to the facts, nature, circumstances and social harm of the parties’ illegal acts, and in accordance with relevant regulations, the China Securities Regulatory Commission has decided to confiscate the illegal income of RMB 13,069,210.