-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanshan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Budding Writers
-
Fun
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Shopping
-
Business_Markets
-
Restaurants
-
Travel
-
Investment
-
Hotels
-
Yearend Review
-
World
-
Sports
-
Entertainment
-
QINGDAO TODAY
-
In depth
-
Leisure Highlights
-
Markets
-
Business
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Markets -> 
Actress Zhao Wei banned from stock trading
    2017-11-13  08:53    Shenzhen Daily

BILLIONAIRE actress Zhao Wei and her husband have been barred from trading in the mainland stock market for five years and fined by the securities regulator, which cited their disclosure irregularities relating to a takeover bid of a firm.

Zhao and her husband Huang Youlong, through a company they controlled — Tibet Longwei Culture Media Co. — made a failed attempt to buy 29.1 percent of Shanghai-listed Zhejiang Wanjia Co. in late 2016. Zhejiang Wanjia was later taken over by another investor and renamed Zhejiang Sunriver Culture Co.

But Tibet Longwei’s bid drew scrutiny of the China Securities Regulatory Commission (CSRC), regarding information disclosure and takeover financing ability.

The regulator stated that the bid made misleading statements and major omissions in disclosures, according to a filing Friday by Zhejiang Sunriver to the Shanghai Stock Exchange.

The bidder’s actions “severely impacted market order, hurt medium and small investors’ confidence in the market, and undermined fairness, justice and openness of the market,” the regulator said.

Zhejiang Sunriver said in a statement that it will “disclose information in a timely manner in accordance with law for any follow-up.”

The CSRC fined Zhao and Huang 300,000 yuan (US$45,201.15) each, while Tibet Longwei received a 600,000 yuan penalty.

Zhao and Huang built up an estimated 7 billion yuan in wealth through their investments, including early stakes in Alibaba Pictures Group, and were ranked 567 in the 2017 list of China’s richest compiled by the Hurun Report. (SD-Agencies)

 

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn