"Linkou King" Yaxin International Development's high-level executives shocked the insider trading. The investigation bureau searched 8 groups today and interviewed 5 people including Yao Nan. They will be transferred to the Taipei District Prosecutor's Office for further interrogation later.
[Reporter Qian Lizhong/Taipei Report] The Taipei City Investigation Office of the Investigation Bureau received a report that in November 2020, Yaxin International was developed. Before the company announced the major news of the land disposal, the chairman of the company, surnamed Yao, was suspected of prohibiting transactions by insiders. During the period, he entered the market for insider trading and illegal arbitrage of more than 100,000 yuan. Today, the police divided 8 groups to search and interviewed 5 people including Yao Nan. They will be transferred to the Taipei District Prosecutor's Office for review later.
Yaxin International Development, known as the "King of Linkou", has expanded its tentacles from Linkou, New Taipei City to Shuangbei, Miaoli, and Taichung in recent years. The sales of construction projects in various places are good, and it can be said to be full of firepower. Unexpectedly, the chairman was involved Insider trading lawsuit.
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The investigation was reported. On November 25, 2020, Yaxin International Development released a major news. The company's board of directors and Jiaying Precision Enterprise Co., Ltd. signed a joint investment and construction contract. A small section of 280, 281, 281-1~281-18 and other 20 land holdings, and jointly build houses.
During the period when insiders were prohibited from trading stocks before and after the exposure of the important information, the company’s top executives were suspected of engaging in insider trading, making illegal profits of more than 100,000 yuan.
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