FSL "insider" sink "leak door"

Last week, FSL into insider trading door". This negative news has not digested yesterday, FSL was involved in the leak door". In the capital market, "17 year old" FSL (1993 in Shenzhen Stock Exchange) performance, has been called the "three good student": standardized management, stable operation, high cash dividends for 17 consecutive years to obtain "cash cow" reputation. Therefore, FSL within one week of the two burst of negative news, the market really sucks the tongue. FSL revealed that the leak door, the company will be announced in the evening to explain.

FSL this "by the regulatory departments and the majority of investors praise" (its official website publicity) of listed companies, like into the youth rebellion, suddenly from three good student becomes a problem of juvenile.

The latest announcement ahead of a week exposure

The day before yesterday evening, FSL announced that the company is scheduled for August 17, 2010 to convene the board to consider the company's investment in lithium iron phosphate cathode materials and lithium battery production and other matters. Due to the large amount of investment, and for the hot market project, in order to prevent the two stock market volatility, protect the legitimate rights and interests of investors, the company stock on August 17, 2010 suspended for one day, released in August 18th after the resumption of the relevant announcement."

FSL is the leader in energy-saving lighting market, but last year began to enter the field of new energy. According to the company's former secretaries Zhou Jianping said, it is because of the company's LE D project has involved in lithium batteries, the company has thus penetrated into the field of new energy. Since last year, FSL has repeatedly shot in the field of new energy, in the field of lithium iron carbonate batteries and electric car layout, the blueprint for the new energy industry chain prototype. Yesterday's board of directors, is to further clarify the importance of FSL in the field of new energy development an important meeting.

As stated in its announcement, due to the large amount of investment involved, and the market hot projects, in order to prevent fluctuations in the stock market in the two class, to protect the legitimate rights and interests of the majority of investors, the company stock suspension day.

However, such a major, sensitive information about alleged trade secrets, but a week ago has become an open secret". As early as in August 13th, there is the stock market blog published so-called insider news, said FSL (000541): next week announced a $100 million investment in lithium battery project". Last weekend, the insider news circulated in dozens of stock market blog. And yesterday's announcement, confirmed this statement.

"Although the share price of FSL and not because the news leaked in advance and volatility, but such an important message, but a week ahead is known to the outside world, FSL's management apparently there is a big loophole." Haizhou stock market watchers pointed out.

Reporters on the matter to call FSL, secretaries office staff told reporters that the company's management meeting in Hongkong, inconvenience to be interviewed. At 6:30 this afternoon, the company will issue a notice to respond to the matter."

Insider trading is not clear

In fact, before the leak door, FSL is in the insider trading whirlpool.

August 12th evening, FSL announced that Zhuang Jianyi, chairman of the board of directors, Secretary of the board of directors, because of alleged violations of securities laws and regulations, the Guangdong securities regulatory bureau investigation was conducted by the Securities Regulatory Commission, the securities and Futures Commission, the securities and Futures Commission. A notice, in August 13th FSL has been the limit to 12.3 yuan / share, after the close at 13.09 yuan / share, down 4.1%.

Prior to April 6th, it has been reported, then FSL vice chairman Zhuang Jianyi on August 25, 2009 in the two market to HK $5 / share price to buy 20000 shares of Guangdong lighting B; August 31, 2009, Zhuang Jianyi again through two grade market to HK $4.85 / share price to buy 60000 shares of Guangdong lighting B. Before and after the use of funds of approximately HK $400 thousand. In addition, in September 17, 2009, the deputy general manager of FSL, Huang Guanxiong Li Jianwu and Ye Zhenghong Wang Shuqiong, executive supervisors and other four, were bought FSL A shares 16000 shares, 2700 shares, 4600 shares and 10900 shares; in September 18, 2009, Jiao Zhigang Dong Milin, Yi Hui company supervisors respectively to buy 3500 shares and 11600 shares of A. And on the morning of September 18, 2009, according to the lithium energy board of the board of directors considered and adopted the Qinghai Saline Lake science and Technology Development Co., Ltd. jointly funded the establishment of Buddha according to the lithium industry, the motion. Since the second half of the year, FSL's share price in the new energy concept driven by the strong tide, from mid September 2009 about 8.5 yuan, all the way up to the peak of about $15 in April this year, or nearly 80%.

For such precise buy stocks, Zhuang perseverance explained that the company's annual incentive fund is just 8, September issued, executives with incentive funds to buy the company stock. But many executives in September 2009 17, 18 days focused on the unified purchase of FSL A shares, and good news on the occurrence of the year in September 18th, Zhuang's interpretation is clearly difficult to justify.

Zou Jianping told the media that he was never do the stock, and even the securities account is not open, he is only to assist in the investigation. He said, even though the firm was in the sensitive period to buy stocks, but he did not sell after coming in, he is still optimistic about the development of the company."