Consumer Discretionary, Industrials, Financials Apr 25, 2022 08:55 AM (GMT+8) · EqualOcean
Recently, the shareholding change of Zhong Baoshen, chairman of Longji shares, triggered a storm of public opinion. Because the non trading transfer has not been carried out, the outside world has questioned the existence of illegal reduction of holdings in the window period and the violation of the letter phi. After this fermentation, the share price of Longji plunged 6.32%, and the company's reputation was also affected. The author believes that although its practice meets the requirements of laws and regulations, it is still debatable from the perspective of timeliness. The family affairs of the chairman of a listed company are no longer as simple as private affairs. A better choice should be to release public information in time before the transaction. According to the measures for the administration of information disclosure of listed companies, it seems that it is enough for listed companies to act in accordance with documents, but this understanding is problematic. It is not enough for the CSRC to issue a minimum standard for the disclosure of relevant information. All listed companies should think about how to fully disclose the company's business information and protect investors' right to know to the greatest extent on the basis of ensuring the standard of legal disclosure.