Finance

More Chinese companies blaming trading typos for insider stock sales

0


An investor watches the electronic board at a stock exchange hall on November 26, 2018 in Nanjing, Jiangsu Province of China. 

VCG via Getty Images

BEIJING — Multiple publicly listed Chinese companies have disclosed instances of what they characterize as accidental stock sales in the last few weeks.

For example, Shenzhen Changfang, a manufacturer of light-emitting diode (LED) products, said in a filing that on Friday a shareholder named Nie Xianghong accidentally sold 16,000 shares by typing in the wrong stock ticker. She was acting in accordance with Li Dichu, one of the company’s top 10 investors who has a roughly 11% stake and had planned to trim his holdings by about 3% of the…



Source cnbc.com

Oil Markets: Coronavirus pandemic

Previous article

Global food prices have been rising during pandemic, hitting food security

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance