Zhou Bin graduated from the California Institute of Technology, founded in California last year, Kaiqiao Capital, because launched a series of generous acquisition intention to attract attention.He was accused of former insider Yin Shaohua insider trading .In the mid-20th, Zhou Bin and Yin Shaohua in Hong Kong Mr. Yin Shaohua is a partner of Hong Kong's Yuanshan Capital and is one of the owners of Beijing Yuan Shan Jing Investment Consulting Company. It is accused by the US Securities and Futures Commission (SEC) that it involves more insider trading and profit amazing.
According to the official documents of the SEC, Yin Shaohua's five stock accounts (only one is under Yin's name, others are under the control of Yin's parents and other related persons) are controlled by Yin. At DreamWorks, 58 CityNet, Ctrip Net, Giant Networks, and Lattice, etc. Although the five accounts traded over 200 stocks as of January this year, the returns from the five companies' shares Accounting for 97% of the total revenue of the account, the abnormal performance of other stocks, only brought about 100 million dollars in revenue.
Between September and November of 2016, Yin's five stock accounts bought more than 6 million shares of Lattice around $ 40 million; on November 3, Lattice announced that it would soon be acquired by Kaybridge Capital for $ 8.3 per share The deal rose 18.5 percent to $ 7.55 a day after the news release, which was later halted by US authorities for national security reasons, but did not affect the profit of more than $ 5 million.
On February 3, FBI conducted a search warrant for Yin Shaohua at San Jose International Airport in California, and between 5 and 7 February, the owner of the five stock accounts tried to take out more than $ 22 million. All frozen by SEC.
Yin Shaohua's lawyer in June's response to the SEC said that Yin did not know with the insider friends discussed Lattice company, but only a macro discussion of the semiconductor industry.The indictment shows Zhou Bin and Yin Shaohua on the US government may pass Lattice acquired the possibility of the case and said Zhou's company is expected to sign the contract soon.
Zhou Bin lawyer said Zhou Bin denied the allegations, and Zhou Bin did not commit motives, but also did not benefit from, but also suffered a huge loss.At the same time, Zhou Bin firmly believe that the acquisition of Lattice Capital Bridge plans are still ongoing in,
At present, all the specific details of the insider trading question has been unified transfer to the bridge bridge capital spokesman, but he did not make any response.
In August this year, Canyon Bridge China office officially operated. Set micro-network was invited to participate in the Canyon Bridge originally scheduled for September 5 organized by the media communication meeting.But the day before the meeting, set micro-network reporter received a notice meeting On September 14, US President Trump called the deal.